BLACK HILLS CORP BKH
COM · Common Stock · CUSIP 092113109 · ISIN US0921131092
Energy company in based in Rapid City, South Dakota, United States
- SectorUtilities
- IndustryElectric Services
- HeadquartersRapid City, SD
- Founded1941
- Websiteir.blackhillscorp.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($910.2k this quarter). Holder counts are more reliable. Shares outstanding: 68.9m as of 2024-04-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $54.60. Options: 6 managers hold calls ($3.6m notional), 5 hold puts ($3.6m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 328 |
| Q4 2022 | 322 |
| Q1 2023 | 331 |
| Q2 2023 | 332 |
| Q3 2023 | 344 |
| Q4 2023 | 365 |
| Q1 2024 | 395 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 142 | 144 |
| Q1 2023 | 155 | 155 |
| Q2 2023 | 165 | 142 |
| Q3 2023 | 160 | 157 |
| Q4 2023 | 187 | 152 |
| Q1 2024 | 220 | 147 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $1.8m | $1.0m | 0.60 |
| Q3 2023 | $2.1m | $2.2m | 1.04 |
| Q4 2023 | $2.9m | $2.5m | 0.87 |
| Q1 2024 | $3.6m | $3.6m | 1.00 |
Biggest buyers
| MORGAN STANLEY | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +431.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +351.1k |
| BlackRock Inc. | Added | +348.6k |
| DEUTSCHE BANK AG\ | Added | +205.3k |
| CITADEL ADVISORS LLC | Added | +195.4k |
| Cubist Systematic Strategies, LLC | Added | +177.4k |
| GOLDMAN SACHS GROUP INC | Added | +177.4k |
| STATE STREET CORP | Added | +175.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +163.5k |
Biggest sellers
| Capital Research Global Investors | Reduced | -1.8m |
| FIRST TRUST ADVISORS LP | Reduced | -1.2m |
| JANUS HENDERSON GROUP PLC | Reduced | -522.8k |
| NORTHERN TRUST CORP | Reduced | -146.8k |
| MERCER GLOBAL ADVISORS INC /ADV | Sold out | -105.0k |
| FMR LLC | Reduced | -100.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -86.5k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -59.3k |
| Balyasny Asset Management L.P. | Reduced | -53.8k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -49.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.8m33.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.2m21.2k shares |
| PEAK6 Investments LLC | Reduced | $283.9k5.2k shares |
| SIMPLEX TRADING, LLC | Added | $234.0k4.3k shares |
| GROUP ONE TRADING LLC | Added | $71.0k1.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.2m39.4k shares |
| CITADEL ADVISORS LLC | Reduced | $829.9k15.2k shares |
| PEAK6 Investments LLC | Added | $464.1k8.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $136.0k2.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -1.5 pts · filed 2025-04-30 | 14.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
| STATE STREET CORP 13G · institution +0.2 pts · filed 2026-08-07 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 1 | $36.8k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $657.1k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 10.5m $571.7m | Added +348.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 8.2m $447.9m | Added +60.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.8m $209.3m | Added +175.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.1m $171.8m | Added +1.4m |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 2.5m $134.9m | Reduced -47.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.38% of their portfolio | 1.6m $86.9m | Added +61.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $84.4m | Added +67.2k |
| Capital Research Global Investors 0.02% of their portfolio | 1.5m $81.2m | Reduced -1.8m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.2m $65.4m | Added +26.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $62.1m | Added +431.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $61.8m | Added +351.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 945.7k $51.6m | Added +2.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 932.5k $50.9m | Added +177.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 899.5k $49.1m | Added +26.8k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 871.9k $47.4m | Reduced -49.4k |
| Invesco Ltd. 0.01% of their portfolio | 851.8k $46.5m | Added +26.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 817.7k $44.6m | Reduced -86.5k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 810.4k $44.2m | Added +34.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 779.5k $42.6m | Reduced -146.8k |
| ProShare Advisors LLC 0.11% of their portfolio | 753.1k $41.1m | Reduced -12.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 727.2k $39.7m | Added +2.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 656.0k $35.8m | Added +131.6k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 511.8k $27.9m | Reduced -522.8k |
| JUPITER ASSET MANAGEMENT LTD 0.25% of their portfolio | 483.1k $26.4m | Added +137.4k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 474.1k $25.9m | Reduced -16.7k |
| GABELLI FUNDS LLC 0.18% of their portfolio | 459.0k $25.1m | Reduced -1.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 441.8k $24.1m | Added +19.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 418.2k $22.8m | Added +571 |
| OLD REPUBLIC INTERNATIONAL CORP 0.89% of their portfolio | 414.0k $22.6m | Unchanged |
| Legal & General Group Plc 0.01% of their portfolio | 398.0k $21.7m | Added +7.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.25% of their portfolio | 389.7k $21.3m | Unchanged |
| Cubist Systematic Strategies, LLC 0.23% of their portfolio | 372.0k $20.3m | Added +177.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 355.9k $19.4m | Added +19.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 319.6k $17.5m | Added +195.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 317.9k $17.4m | Added +205.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 311.6k $17.0m | Added +140.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 303.4k $16.6m | Added +49.6k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 277.6k $15.2m | Added +74.0k |
| BARCLAYS PLC 0.01% of their portfolio | 271.5k $14.8m | Added +121.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 270.8k $14.8m | Added +163.5k |
| Hunter Perkins Capital Management, LLC 2.96% of their portfolio | 264.7k $14.5m | Added +14.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 239.2k $13.1m | Reduced -1.2m |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 239.0k $13.0m | Added +91.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 237.8k $13.0m | Reduced -12.3k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 236.9k $12.9m | Added +17.1k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 217.5k $11.9m | Added +4.2k |
| UBS Group AG 0.00% of their portfolio | 216.0k $11.8m | Added +134.0k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 212.7k $11.6m | Reduced -43.8k |
| GAMCO INVESTORS, INC. ET AL 0.11% of their portfolio | 191.6k $10.5m | Unchanged |
| Trexquant Investment LP 0.20% of their portfolio | 188.2k $10.3m | Added +120.2k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 172.9k $9.4m | Added +89.8k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 163.8k $8.9m | Added +39.0k |
| Leeward Investments, LLC - MA 0.39% of their portfolio | 161.1k $8.8m | Reduced -6.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 142.1k $7.8m | Added +69.8k |
| MAIRS & POWER INC 0.07% of their portfolio | 140.6k $7.7m | Added +11.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.05% of their portfolio | 136.1k $7.4m | Added +9.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 136.0k $7.4m | Reduced -5.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 134.3k $7.3m | Reduced -3.7k |
| Swiss National Bank 0.01% of their portfolio | 134.2k $7.3m | Added +1.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 127.8k $7.0m | Added +63.7k |
| CRAWFORD INVESTMENT COUNSEL INC 0.13% of their portfolio | 124.5k $6.8m | Added +3.1k |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.24% of their portfolio | 124.5k $6.8m | Added +39.0k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.02% of their portfolio | 123.2k $6.7m | Reduced -1.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 123.1k $6.7m | Reduced -9.4k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio | 113.6k $6.2m | Added +42.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 113.2k $6.2m | Added +20.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 113.0k $6.2m | Added +17.6k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 111.8k $6.1m | Added +485 |
| Man Group plc 0.02% of their portfolio | 108.1k $5.9m | Added +25.5k |
| Insight Folios Inc 2.30% of their portfolio | 103.9k $5.7m | Added +12.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 101.8k $5.6m | Added +52.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 95.6k $5.2m | Reduced -100 |
| GUGGENHEIM CAPITAL LLC 0.04% of their portfolio | 92.0k $5.0m | Added +22.2k |
| Campbell & CO Investment Adviser LLC 0.43% of their portfolio | 90.4k $4.9m | Added +85.8k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 89.9k $4.9m | New |
| Retirement Systems of Alabama 0.02% of their portfolio | 85.4k $4.7m | Added +225 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 85.2k $4.7m | Reduced -723 |
| Phocas Financial Corp. 0.52% of their portfolio | 85.0k $4.6m | Reduced -2.4k |
| FMR LLC 0.00% of their portfolio | 84.2k $4.6m | Reduced -100.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 80.3k $4.4m | Added +40.2k |
| Keeley-Teton Advisors, LLC 0.54% of their portfolio | 80.2k $4.4m | Reduced -2.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 76.7k $4.2m | Added +52.5k |
| BURNEY CO/ 0.16% of their portfolio | 74.6k $4.1m | New |
| FARMERS & MERCHANTS INVESTMENTS INC 0.14% of their portfolio | 74.2k $4.1m | Reduced -22.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 72.5k $4.0m | New |
| South Dakota Investment Council 0.08% of their portfolio | 71.9k $3.9m | Added +3.0k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 71.2k $3.9m | Reduced -988 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 69.9k $3.8m | Reduced -44.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 68.0k $3.7m | Reduced -3.4k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 67.8k $3.7m | Reduced -53.8k |
| HENNESSY ADVISORS INC 0.14% of their portfolio | 60.9k $3.3m | Reduced -3.6k |
| Jump Financial, LLC 0.09% of their portfolio | 59.8k $3.3m | Added +5.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 59.4k $3.2m | Added +787 |
| MERITAGE PORTFOLIO MANAGEMENT 0.20% of their portfolio | 57.7k $3.1m | Reduced -3.4k |
| JOHN G ULLMAN & ASSOCIATES INC 0.48% of their portfolio | 56.8k $3.1m | Added +10.0k |
| CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio | 55.6k $3.0m | Added +702 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 54.7k $3.0m | Reduced -20.9k |
| FINANCIAL COUNSELORS INC 0.05% of their portfolio | 54.6k $3.0m | Reduced -30 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 54.0k $3.0m | Added +5.5k |
| Magellan Asset Management Ltd 0.03% of their portfolio | 53.8k $2.9m | Reduced -904 |