Black Hills Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:BKH Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
30 May 24	SellUS$169,687	Rebecca Roberts	Individual		3,094	US$54.94

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BKH?
Owner Type	Number of Shares	Ownership Percentage
State or Government	46,567	0.0651%
Individual Insiders	380,368	0.531%
General Public	9,798,120	13.7%
Institutions	61,348,180	85.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.

Top Shareholders

Top 25 shareholders own 62.2% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.2%	BlackRock, Inc.	10,851,268	US$677.4m	0%	0.01%
12%	The Vanguard Group, Inc.	8,564,433	US$534.7m	2.02%	0.01%
5.05%	State Street Global Advisors, Inc.	3,612,105	US$225.5m	-1.82%	0.01%
3.39%	Macquarie Investment Management Business Trust	2,425,860	US$151.4m	-1.17%	0.17%
2.32%	Geode Capital Management, LLC	1,663,157	US$103.8m	2.08%	0.01%
2.31%	Fuller & Thaler Asset Management, Inc.	1,651,420	US$103.1m	4.4%	0.4%
2.2%	Zimmer Partners, LP	1,576,795	US$98.4m	0%	1.78%
2.12%	Capital Research and Management Company	1,518,129	US$94.8m	2.14%	no data
1.66%	Charles Schwab Investment Management, Inc.	1,186,284	US$74.1m	-0.04%	0.01%
1.59%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	1,136,371	US$70.9m	16.1%	0.02%
1.44%	AQR Capital Management, LLC	1,028,356	US$64.2m	-10.2%	0.09%
1.4%	Dimensional Fund Advisors LP	1,000,135	US$62.4m	2.21%	0.01%
1.27%	Northern Trust Global Investments	910,869	US$56.9m	12.6%	0.01%
1.21%	Franklin Resources, Inc.	864,359	US$54.0m	110%	0.02%
1.16%	BNY Asset Management	831,472	US$51.9m	-11.7%	0.01%
1.09%	Massachusetts Financial Services Company	781,238	US$48.8m	-2.74%	0.01%
0.97%	Invesco Capital Management LLC	697,665	US$43.6m	1.38%	0.02%
0.95%	ProShare Advisors LLC	678,788	US$42.4m	-3.61%	0.1%
0.91%	GAMCO Investors, Inc.	648,521	US$40.5m	-0.08%	0.16%
0.75%	PGIM, Inc.	536,531	US$33.5m	11.5%	0.04%
0.7%	Barclays PLC Private Banking & Investment Banking Investment	500,826	US$31.3m	4.53%	0.02%
0.65%	Jupiter Fund Management Plc	468,131	US$29.2m	-3.1%	0.08%
0.65%	Morgan Stanley, Investment Banking and Brokerage Investments	466,474	US$29.1m	0.68%	no data
0.65%	Victory Capital Management Inc.	462,401	US$28.9m	-3.95%	0.03%
0.64%	Goldman Sachs Asset Management, L.P.	460,395	US$28.7m	7.83%	0.01%