Black Hills Corporation
Black Hills Corporation (BKH) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · BKH · as of Mar 31, 2025
Ownership Breakdown
418
Institutional Holders
▲ 12 vs Q4
$3.72B
Total Inst. Value
▲ $162.26M vs Q4
76.13M
Shares Outstanding
freeFloat 99.47%
61.34M
13F Shares Held
▲ 578,664 vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
BKH largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. electric services | 11.31M | 15.79% | 15.79% | $685.84B | May 2, 2025 | ▼ 192.3K |
VANGUARD GROUP INC electric services | 8.63M | 12.06% | 12.06% | $523.66B | May 9, 2025 | ▲ 31.9K |
STATE STREET CORP electric services | 3.81M | 5.32% | 5.32% | $231.11B | May 15, 2025 | ▼ 44.0K |
MACQUARIE GROUP LTD electric services | 2.36M | 3.30% | 3.30% | $143.20B | Aug 14, 2025 | ▲ 2.4K |
CAPITAL RESEARCH GLOBAL INVESTORS electric services | 1.86M | 2.60% | 2.60% | $113.00B | May 12, 2025 | ▲ 18.1K |
GEODE CAPITAL MANAGEMENT, LLC electric services | 1.79M | 2.49% | 2.49% | $108.32B | May 13, 2025 | ▲ 87.3K |
FULLER & THALER ASSET MANAGEMENT, INC. electric services | 1.32M | 1.85% | 1.85% | $80.18B | May 13, 2025 | ▼ 6.9K |
ZIMMER PARTNERS, LP electric services | 1.32M | 1.85% | 1.85% | $80.14B | May 15, 2025 | ▼ 150.9K |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC electric services | 1.23M | 1.71% | 1.71% | $74.41B | Sep 15, 2025 | ▲ 1.1K |
DIMENSIONAL FUND ADVISORS LP electric services | 1.08M | 1.51% | 1.51% | $65.62B | May 13, 2025 | ▲ 44.3K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
26
Increased
+1.49M shares1
New Positions
first time holders22
Decreased
−1.17M shares0
Sold Out
fully exitedNet shares change (top 50)
+319.3K
+1.49M / −1.17M
Net new holders
+5
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
BKH insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
9
Buy transactions
1
Sell transactions
9.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Otto Robert P director | May 27, 2026 | Sale | 4,109 | $74.22 | $305.0K | 10.9K | Form 4 ↗ |
Waleski Anne G director | May 1, 2026 | Award | 1,921 | — | — | 4.2K | Form 4 ↗ |
Taylor Teresa director | May 1, 2026 | Award | 1,921 | — | — | 13.6K | Form 4 ↗ |
Prochazka Scott M director | May 1, 2026 | Award | 1,921 | — | — | 11.7K | Form 4 ↗ |
Otto Robert P director | May 1, 2026 | Award | 1,921 | — | — | 15.0K | Form 4 ↗ |
MILLS STEVEN RICHARD director | May 1, 2026 | Award | 1,921 | — | — | 29.6K | Form 4 ↗ |
McAllister Kathleen S director | May 1, 2026 | Award | 1,921 | — | — | 16.5K | Form 4 ↗ |
Jensen Tony A director | May 1, 2026 | Award | 1,921 | — | — | 18.1K | Form 4 ↗ |
Granger Barry M director | May 1, 2026 | Award | 1,921 | — | — | 11.7K | Form 4 ↗ |
Beard Robert F. director | May 1, 2026 | Award | 1,921 | — | — | 4.2K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Black Hills Corporation (BKH) is primarily owned by institutional investors, who hold approximately 80.6% of total shares outstanding. Company insiders own approximately 0.53%, while retail and public investors account for the remaining 18.89%.
The largest institutional shareholder of Black Hills Corporation is BLACKROCK, INC., holding approximately 11.31 million shares — equal to 15.79% of outstanding shares — as of March 31, 2025.
A total of 418 institutional investors currently hold BKH stock, with a combined institutional value of approximately $3.72 billion as of the most recent 13F filing period.
Frequently asked questions
BKH ownershipBlack Hills Corporation (BKH) is primarily owned by institutional investors, who hold approximately 80.6% of shares. The largest shareholder is BLACKROCK, INC. with a 15.79% stake. Company insiders hold 0.53%. Data sourced from SEC Form 13F as of March 31, 2025.