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
08 May 23	SellUS$657,061	Richard Kinzley	Individual		10,033	US$65.49

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
Private Companies	8,015	0.0117%
State or Government	21,031	0.0308%
Individual Insiders	378,372	0.554%
General Public	8,452,075	12.4%
Institutions	59,430,040	87%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.

Top Shareholders

Top 25 shareholders own 65.8% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.8%	BlackRock, Inc.	10,122,756	US$548.7m	2.42%	0.01%
11.9%	The Vanguard Group, Inc.	8,143,567	US$441.4m	4.12%	0.01%
5.35%	State Street Global Advisors, Inc.	3,656,584	US$198.2m	-1.19%	0.01%
4.76%	Capital Research and Management Company	3,251,722	US$176.2m	17.1%	0.01%
3.63%	Macquarie Investment Management Business Trust	2,478,928	US$134.4m	3.43%	0.15%
2.24%	Fuller & Thaler Asset Management, Inc.	1,529,518	US$82.9m	13.8%	0.41%
2.16%	Geode Capital Management, LLC	1,478,373	US$80.1m	5.86%	0.01%
2.12%	First Trust Advisors LP	1,444,698	US$78.3m	-0.28%	0.07%
1.52%	Janus Henderson Group plc	1,034,591	US$56.1m	-5.89%	0.02%
1.37%	BNY Mellon Asset Management	936,426	US$50.8m	6.43%	0.01%
1.36%	Northern Trust Global Investments	926,246	US$50.2m	-3.3%	0.01%
1.36%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	926,097	US$50.2m	14.1%	0.01%
1.35%	AQR Capital Management, LLC	920,329	US$49.9m	18.5%	0.09%
1.32%	Massachusetts Financial Services Company	904,220	US$49.0m	0.44%	0.01%
1.28%	Dimensional Fund Advisors LP	872,773	US$47.3m	-1.99%	0.01%
1.14%	Charles Schwab Investment Management, Inc.	780,510	US$42.3m	0%	0.01%
1.14%	Millennium Management LLC	776,417	US$42.1m	17.4%	0.04%
1.12%	ProShare Advisors LLC	765,684	US$41.5m	5.01%	0.12%
1.06%	Manulife Asset Management	725,151	US$39.3m	7.2%	0.03%
1.05%	Invesco Capital Management LLC	718,289	US$38.9m	6.21%	0.02%
0.95%	GAMCO Investors, Inc.	651,691	US$35.3m	-0.14%	0.14%
0.88%	Morgan Stanley, Investment Banking and Brokerage Investments	600,920	US$32.6m	121%	no data
0.66%	PGIM, Inc.	448,907	US$24.3m	12.7%	0.03%
0.62%	Columbia Management Investment Advisers, LLC	422,128	US$22.9m	245%	0.01%
0.61%	Franklin Resources, Inc.	416,387	US$22.6m	-0.2%	0.01%