BKH Black Hills (BKH) Insider Trading, Ownership & Congress Trades
Utilities · Electric services · CIK 0001130464
SEC filings
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
256
13F, latest reported quarter
What the filings say about BKH
Insiders, 180 days
-$305.0K net sold
1 seller · 0% of sales under a 10b5-1 plan
Congress, 1 year
No trades
Last one: sale, 2025-06-17
Black Hills insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, BLACK HILLS CORP /SD/ insiders sold a net $305.0K of stock across 18 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 37.7% of the 10,885 shares held after it.
- No other insider sold within 30 days.
- 256 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Otto Robert P sold about $305.0K of BKH on May 27, 2026; 256 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 41.9% of the 34,620 shares held after it.
- No other insider sold within 30 days.
- 256 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP & CFO Nooney Kimberly F sold about $1.0M of BKH on Nov 10, 2025, the largest insider sale at the company on our record; 256 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on May 20, 2022.
- The trade is 7.6% of the 10,274 shares held after it.
- No other insider sold within 30 days.
- 256 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Roberts Rebecca B sold about $42.6K of BKH on May 30, 2024, the largest insider sale at the company since 2023; 256 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on May 20, 2022.
- The trade is 6.0% of the 9,693 shares held after it.
- No other insider sold within 30 days.
- 256 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Roberts Rebecca B sold about $31.9K of BKH on May 30, 2024, the largest insider sale at the company since 2023; 256 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on May 20, 2022.
- The trade is 2.1% of the 9,493 shares held after it.
- No other insider sold within 30 days.
- 256 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Roberts Rebecca B sold about $11.0K of BKH on May 30, 2024, the largest insider sale at the company since 2023; 256 funds added in the latest 13F quarter.18 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$305.0K over 180 days
below 51% of Utilities
Congress
no House purchase disclosed in the last 12 months
Funds
256 funds bought in last quarter
more than 57% of Utilities
Revenue
+9.0% year over year
more than 53% of Utilities
Margin
12.8% net margin
more than 59% of Utilities
Buybacks
no share repurchases reported
Short interest
15.8% of the float short (float per yahoo 2026-10-27) · 7.5 days to cover · settled 2026-10-15
more than 96% of Utilities
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch BKH
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+28.5%12M
Insider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns BKH: institutional holders (13F)
13F holdings, latest reported quarter
12,482,189 sh
$928.7M
5,141,103 sh
$382.5M
3,819,510 sh
$284.2M
3,428,442 sh
$255.1M
2,496,967 sh
$185.8M
Congress trades in BKH
STOCK Act disclosures, US House only, filed up to 45 days after the trade
Sold 2025-06-17 · disclosed 57 days later
$1,001 - $15,000
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
BKH planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
BKH mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
ICON UTILITIES AND INCOME FUND
$836.0K position · as of 2026-06-30
3.5%
Mairs & Power Small Cap Fund
$7.3M position · as of 2026-06-30
2.7%
Hunter Small Cap Value Fund
$1.6M position · as of 2026-07-31
2.4%
Cohen & Steers Infrastructure Opportunities Active ETF
$1.0M position · as of 2026-06-30
2.3%
CRAWFORD MULTI-ASSET INCOME FUND
$4.4M position · as of 2026-06-30
2.3%
Thrivent Small Cap Value ETF
$4.1M position · as of 2026-06-30
2.2%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Government contracts
Award ceilings over the contract's life, subsidiaries included.
Not annual revenue (USASpending.gov).
Department Of Veterans Affairs
VISN 23 BLACK HILLS UESC · 2024-09-30
$60.4M
Federal awards ≥ $25M in the last 90 days, matched via the SAM.gov parent registry
Executive pay vs shareholder return
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$6.0M
$8.3M
$1.8M
+38%
+44%
2024
$5.8M
$5.2M
$1.2M
+11%
+29%
2023
$5.6M
$2.0M
$1.2M
-2%
+8%
2022
$4.5M
$4.5M
$1.2M
+23%
+18%
2021
$4.4M
$5.2M
$1.3M
+19%
+17%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows a net $305.0K sold by insiders over 180 days, 256 funds added last quarter. Each figure is a federal filing, dated the day it went public.
BKH financials
Revenue growth
+9.0%
XBRL, annual
Net margin
12.8%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$2.3B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM BKH
| FY Dec 2025 | $2.3B |
| FY Dec 2024 | $2.1B |
| FY Dec 2023 | $2.3B |
| FY Dec 2022 | $2.6B |
| FY Dec 2021 | $1.9B |
| Jun 2026 | $452.8M |
| Mar 2026 | $780.7M |
| Dec 2025 | $635.5M |
| Sep 2025 | $430.2M |
| Jun 2025 | $439.0M |
| Mar 2025 | $805.2M |
| Dec 2024 | $597.1M |
| Sep 2024 | $401.6M |
At each fiscal year end
Single quarter
Net margin, TTM
+13.0%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM BKH
| FY Dec 2025 | +12.6% |
| FY Dec 2024 | +12.8% |
| FY Dec 2023 | +11.3% |
| FY Dec 2022 | +10.1% |
| FY Dec 2021 | +12.1% |
| Jun 2026 | +8.4% |
| Mar 2026 | +16.8% |
| Dec 2025 | +16.5% |
| Sep 2025 | +5.8% |
| Jun 2025 | +6.3% |
| Mar 2025 | +16.7% |
| Dec 2024 | +16.4% |
| Sep 2024 | +6.1% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$305.2M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM BKH
| FY Dec 2025 | -$146.4M |
| FY Dec 2024 | -$24.9M |
| FY Dec 2023 | $388.8M |
| FY Dec 2022 | -$19.6M |
| FY Dec 2021 | -$742.1M |
| Jun 2026 | -$23.0M |
| Mar 2026 | -$91.2M |
| Dec 2025 | -$101.5M |
| Sep 2025 | -$89.5M |
| Jun 2025 | -$30.3M |
| Mar 2025 | $74.9M |
| Dec 2024 | -$60.5M |
| Sep 2024 | -$86.0M |
At each fiscal year end
Single quarter
Debt to equity
1.12x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity BKH
| FY Dec 2025 | 1.23x |
| FY Dec 2024 | 1.21x |
| FY Dec 2023 | 1.37x |
| FY Dec 2022 | 1.38x |
| FY Dec 2021 | 1.48x |
| Jun 2026 | 1.12x |
| Mar 2026 | 1.12x |
| Dec 2025 | 1.23x |
| Sep 2025 | 1.16x |
| Jun 2025 | 1.17x |
| Mar 2025 | 1.17x |
| Dec 2024 | 1.21x |
| Sep 2024 | 1.23x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.14x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt BKH
| FY Dec 2025 | 0.14x |
| FY Dec 2024 | 0.17x |
| FY Dec 2023 | 0.21x |
| FY Dec 2022 | 0.14x |
| FY Dec 2021 | -0.02x |
| Jun 2026 | 0.14x |
| Mar 2026 | 0.14x |
| Dec 2025 | 0.14x |
| Sep 2025 | 0.15x |
| Jun 2025 | 0.16x |
| Mar 2025 | 0.17x |
| Dec 2024 | 0.17x |
| Sep 2024 | 0.18x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+7.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity BKH
| FY Dec 2025 | +8.0% |
| FY Dec 2024 | +8.1% |
| FY Dec 2023 | +8.4% |
| FY Dec 2022 | +8.9% |
| FY Dec 2021 | +8.9% |
| Jun 2026 | +7.9% |
| Mar 2026 | +7.6% |
| Dec 2025 | +8.0% |
| Sep 2025 | +7.9% |
| Jun 2025 | +8.1% |
| Mar 2025 | +8.0% |
| Dec 2024 | +8.1% |
| Sep 2024 | +7.7% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+2.8%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets BKH
| FY Dec 2025 | +2.8% |
| FY Dec 2024 | +2.8% |
| FY Dec 2023 | +2.7% |
| FY Dec 2022 | +2.8% |
| FY Dec 2021 | +2.7% |
| Jun 2026 | +2.8% |
| Mar 2026 | +2.8% |
| Dec 2025 | +2.8% |
| Sep 2025 | +2.8% |
| Jun 2025 | +2.8% |
| Mar 2025 | +2.8% |
| Dec 2024 | +2.8% |
| Sep 2024 | +2.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+5.9%
operating income after a 12.5% effective tax rate, over long-term 2026-06-30 plus current 2026-06-30 plus average of 2025-06-30 and 2026-06-30 minus cash
Return on invested capital BKH
| FY Dec 2025 | +5.7% |
| FY Dec 2024 | +5.9% |
| FY Dec 2023 | +5.8% |
| FY Dec 2022 | +5.9% |
| FY Dec 2021 | +5.9% |
| Jun 2026 | +5.9% |
| Mar 2026 | +5.7% |
| Dec 2025 | +5.7% |
| Sep 2025 | +5.9% |
| Jun 2025 | +6.3% |
| Mar 2025 | +5.9% |
| Dec 2024 | +5.9% |
| Sep 2024 | +5.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+5.9%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed BKH
| FY Dec 2025 | +5.5% |
| FY Dec 2024 | +5.7% |
| FY Dec 2023 | +5.8% |
| FY Dec 2022 | +5.6% |
| FY Dec 2021 | +5.2% |
| Jun 2026 | +5.9% |
| Mar 2026 | +5.7% |
| Dec 2025 | +5.5% |
| Sep 2025 | +5.6% |
| Jun 2025 | +5.8% |
| Mar 2025 | +5.8% |
| Dec 2024 | +5.7% |
| Sep 2024 | +5.4% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
20.59x
close 2026-10-27 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing BKH
| FY Dec 2025 | 17.40x |
| FY Dec 2024 | 14.85x |
| FY Dec 2023 | 13.76x |
| FY Dec 2022 | 17.63x |
| FY Dec 2021 | 18.82x |
| Jun 2026 | 18.74x |
| Mar 2026 | 18.03x |
| Dec 2025 | 17.40x |
| Sep 2025 | 15.47x |
| Jun 2025 | 14.06x |
| Mar 2025 | 15.39x |
| Dec 2024 | 14.85x |
| Sep 2024 | 16.43x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$10.6B
market value at close 2026-10-27 on 2026-08-04 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value BKH
| FY Dec 2025 | $9.8B |
| FY Dec 2024 | $8.4B |
| FY Dec 2023 | $8.0B |
| FY Dec 2022 | $8.7B |
| FY Dec 2021 | $8.6B |
| Jun 2026 | $10.0B |
| Mar 2026 | $9.6B |
| Dec 2025 | $9.8B |
| Sep 2025 | $8.8B |
| Jun 2025 | $8.3B |
| Mar 2025 | $8.6B |
| Dec 2024 | $8.4B |
| Sep 2024 | $8.5B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-4.9%
TTM free cash flow over market value at close 2026-10-27
FCF yield BKH
| FY Dec 2025 | -2.8% |
| FY Dec 2024 | -0.6% |
| FY Dec 2023 | +10.6% |
| FY Dec 2022 | -0.4% |
| FY Dec 2021 | -16.5% |
| Jun 2026 | -5.4% |
| Mar 2026 | -6.0% |
| Dec 2025 | -2.8% |
| Sep 2025 | -2.3% |
| Jun 2025 | -2.5% |
| Mar 2025 | -0.2% |
| Dec 2024 | -0.6% |
| Sep 2024 | +2.1% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -1%, PEG needs growth
PEG, trailing BKH
| FY Dec 2025 | 13.71x |
| FY Dec 2024 | 29.11x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | 2.75x |
| FY Dec 2021 | 7.65x |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | 13.71x |
| Sep 2025 | 2.21x |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | 29.11x |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $2.3B | $2.1B | $2.3B | $2.6B |
| Operating income | $537.5M | $503.1M | $472.7M | $455.2M |
| Net income | $291.6M | $273.1M | $262.2M | $258.4M |
| EPS (diluted) | 3.98 | 3.91 | 3.91 | 3.97 |
| Operating cash flow | $673.4M | $719.3M | $944.4M | $584.8M |
| Cash | $182.8M | $16.1M | $86.6M | $21.4M |
| Long-term debt | $4.7B | $4.3B | $3.8B | $3.6B |
| Dividends paid | $197.9M | $182.3M | $168.1M | $156.7M |
SEC XBRL, fiscal years, as known on 2026-10-28
BKH Stock Sonar score 6/7 axes
Find similar shapesCompareBKH ranks highest on growth (53rd percentile) and financial health (51st), and lowest on insider conviction (24th), among Utilities peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
BKH filings, in plain words
Are Black Hills insiders buying or selling BKH?
In the 180 days to 2026-10-28, Black Hills insiders were net sellers, a net $305.0K across purchases and sales reported on Form 4, by 1 seller.
Have members of Congress traded BKH?
Yes, but not in the year to 2026-10-28; the latest on record is a sale by Lisa McClain dated 2025-06-17.
Read the full summary
In the 180 days to 2026-10-28, Black Hills insiders were net sellers of BKH, a net $305.0K across purchases and sales reported on Form 4 by 1 seller. Members of Congress have disclosed trades in BKH, none in the last year; the latest on record is a sale by Lisa McClain dated 2025-06-17. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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