Mairs & Power Inc. Reduces Stake in Black Hills Corporation

The investment firm decreased its holdings in the utilities provider by 10.7% in the third quarter.

Mar. 17, 2026 at 12:27pm

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Mairs & Power Inc., an investment management firm, reduced its stake in Black Hills Corporation (NYSE:BKH) by 10.7% during the third quarter. The firm previously owned 97,649 shares of the utilities provider's stock, valued at $6.01 million, but sold 11,749 shares during the period.

Why it matters

This transaction reflects changes in Mairs & Power's investment strategy and portfolio composition. As an institutional investor, the firm's decisions can provide insights into market trends and investor sentiment surrounding Black Hills Corporation, a major regional utility.

The details

Mairs & Power Inc. sold 11,749 shares of Black Hills Corporation during the third quarter, reducing its total holdings to 97,649 shares. The firm's previous stake in the company was valued at $6.01 million. Black Hills Corporation is a diversified energy company that provides electricity and natural gas distribution services to customers across several states in the western United States.

  • The transaction occurred during the third quarter of the year.

The players

Mairs & Power Inc.

An investment management firm based in Saint Paul, Minnesota that oversees a portfolio of equity and fixed-income investments.

Black Hills Corporation

A diversified energy company that provides electricity and natural gas distribution services to residential, commercial, and industrial customers in Colorado, Kansas, Montana, Nebraska, South Dakota, and Wyoming.

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The takeaway

This transaction reflects changes in Mairs & Power's investment strategy and portfolio composition, which can provide insights into market trends and investor sentiment surrounding Black Hills Corporation, a major regional utility.