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	0.0668%
Individual Insiders	376,996	0.541%
General Public	9,571,940	13.7%
Institutions	59,752,955	85.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.9%.

Top Shareholders

Top 25 shareholders own 61.79% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.6%	BlackRock, Inc.	10,851,268	US$657.0m	3.63%	0.01%
12%	The Vanguard Group, Inc.	8,394,948	US$508.3m	2.33%	0.01%
5.27%	State Street Global Advisors, Inc.	3,678,965	US$222.8m	-4.01%	0.01%
3.52%	Macquarie Investment Management Business Trust	2,454,524	US$148.6m	1.08%	0.17%
2.34%	Geode Capital Management, LLC	1,629,304	US$98.7m	5.42%	0.01%
2.27%	Fuller & Thaler Asset Management, Inc.	1,581,838	US$95.8m	-0.59%	0.4%
2.13%	Capital Research and Management Company	1,486,289	US$90.0m	0%	no data
1.7%	Charles Schwab Investment Management, Inc.	1,186,775	US$71.9m	4.88%	0.01%
1.64%	AQR Capital Management, LLC	1,144,605	US$69.3m	31.7%	0.1%
1.4%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	978,592	US$59.3m	0.68%	0.02%
1.4%	Dimensional Fund Advisors LP	978,497	US$59.2m	8.78%	0.01%
1.35%	BNY Asset Management	941,718	US$57.0m	0.39%	0.01%
1.16%	Northern Trust Global Investments	808,663	US$49.0m	3.75%	0.01%
1.15%	Massachusetts Financial Services Company	803,237	US$48.6m	-1.77%	0.01%
1.04%	Manulife Asset Management	727,736	US$44.1m	0.08%	0.03%
1.01%	ProShare Advisors LLC	704,240	US$42.6m	-6.49%	0.11%
0.99%	Invesco Capital Management LLC	688,157	US$41.7m	-7.85%	0.02%
0.93%	GAMCO Investors, Inc.	649,021	US$39.3m	-0.24%	0.16%
0.83%	Janus Henderson Group plc	577,223	US$35.0m	12.8%	0.01%
0.69%	Jupiter Fund Management Plc	483,120	US$29.3m	0%	0.08%
0.69%	Victory Capital Management Inc.	481,415	US$29.1m	54.5%	0.03%
0.69%	PGIM, Inc.	481,301	US$29.1m	11%	0.04%
0.69%	Barclays PLC Private Banking & Investment Banking Investment	479,129	US$29.0m	76.5%	0.02%
0.66%	Morgan Stanley, Investment Banking and Brokerage Investments	463,306	US$28.1m	-38.3%	no data
0.64%	Columbia Management Investment Advisers, LLC	442,946	US$26.8m	0.26%	0.01%