Algert Global Boosts Stake in Black Hills Corporation

Got story updates? Submit your updates here. ›

Algert Global LLC, an investment management firm, significantly increased its stake in Black Hills Corporation, a utility company based in Rapid City, South Dakota, during the third quarter of the year. The firm added 85,840 shares to its existing position, growing its total holding by 246.9% to 120,604 shares, which represented approximately 0.17% of Black Hills' outstanding stock.

Why it matters

The increase in Algert Global's position in Black Hills Corporation suggests the investment firm sees potential in the utility provider's stock. As a major shareholder, Algert Global's actions could influence the company's strategic direction and performance going forward.

The details

According to a regulatory filing, Algert Global LLC lifted its stake in Black Hills Corporation (NYSE:BKH) by 246.9% during the third quarter. The firm now owns 120,604 shares of the utilities provider's stock, up from 34,764 shares held previously. This increased Algert Global's ownership in Black Hills to approximately 0.17% of the company's outstanding shares.

• Algert Global increased its stake in Black Hills Corporation during the third quarter of 2026.