BlackRock Amends Black Hills Corp. Stake (SC 13G/A)
Ticker: BKH · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1130464
| Field | Detail |
|---|---|
| Company | Black Hills Corp /Sd/ (BKH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Black Hills Corp. as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of Black Hills Corporation's Common Stock as of December 31, 2023. This amendment, number 15, updates their previous disclosures regarding their passive investment in the utility company. For investors, this filing signals that BlackRock, a major institutional investor, continues to hold a significant, though potentially adjusted, stake in Black Hills, which can influence market perception and stability.
Why It Matters
This filing shows BlackRock's updated passive ownership in Black Hills Corporation, providing transparency on a major institutional investor's position, which can impact investor confidence.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note BlackRock's continued, albeit adjusted, passive stake in Black Hills Corporation, as it signals ongoing institutional interest. However, without specific share count changes, the immediate impact is minimal.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- BLACK HILLS CORP /SD/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 15'.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is BLACK HILLS CORP /SD/, also referred to as BLACK HILLS CORPORATION, with CIK 0001130464.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is BlackRock Inc., with CIK 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Black Hills Corporation is 092113109.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding BLACK HILLS CORP /SD/ (BKH).