State Street Amends Black Hills Corp Stake, Maintains Passive Position
Ticker: BKH · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1130464
| Field | Detail |
|---|---|
| Company | Black Hills Corp /Sd/ (BKH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still owns a chunk of Black Hills Corp, good sign for stability.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership in Black Hills Corp /SD/ as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, stake in the utility company. For investors, this means a large institutional holder maintains confidence in Black Hills Corp, which can provide a degree of stability and institutional backing for the stock.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a significant stake in Black Hills Corp, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk, but rather a stable, passive investment.
Analyst Insight
Investors should note that a major institutional player like State Street Corporation maintains a passive stake in Black Hills Corp, suggesting a stable, long-term view rather than an active push for change. This could be seen as a vote of confidence, but doesn't signal any immediate catalysts.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Black Hills Corp /SD/ (company) — the subject company in which shares are held
- January 25, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified by IRS Identification No. 04-245663.
What is the 'Subject Company' or 'Issuer' of the securities?
The 'Subject Company' or 'Issuer' is BLACK HILLS CORP, with the CUSIP number 092113109 for its Common Stock.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding BLACK HILLS CORP /SD/ (BKH).