JPMorgan Chase Boosts Stake in Black Hills Corporation

Utilities provider sees increased institutional investment in third quarter

Mar. 22, 2026 at 8:49am

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JPMorgan Chase & Co. increased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 67.7% during the third quarter, according to a recent SEC filing. The fund now owns 618,131 shares of the utilities provider's stock, worth approximately $38 million.

Why it matters

The increase in JPMorgan Chase's stake in Black Hills Corporation signals growing institutional investor interest in the regional utility company, which provides electricity and natural gas services across several states in the western U.S.

The details

According to the filing, JPMorgan Chase acquired an additional 249,640 shares of Black Hills in the third quarter, bringing its total ownership to about 0.85% of the company's outstanding stock. The move comes as Black Hills has seen its share price rise over the past year, driven by steady financial performance and growth in its renewable energy portfolio.

  • JPMorgan Chase disclosed the increased stake in a filing with the SEC on March 22, 2026.
  • The additional shares were acquired during the third quarter of 2025.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Black Hills Corporation

A diversified energy company based in Rapid City, South Dakota that provides electricity and natural gas distribution services across several western U.S. states.

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What they’re saying

“We must continue to monitor the utility sector closely as the transition to renewable energy sources accelerates.”

— Jamie Dimon, CEO, JPMorgan Chase & Co.

What’s next

Black Hills is expected to report its full-year 2025 financial results in early 2026, which will provide more insight into the company's performance and growth outlook.

The takeaway

The increased investment by a major financial institution like JPMorgan Chase underscores the growing appeal of regional utility companies that are adapting to the shift towards renewable energy sources and sustainable operations.