BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY's Holding History (CIK: 0000714142)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 21,298 Value ($000) $1 Avg Close $66.47 Range $58.20 - $73.32

Q3 2025

Shares 21,298 Value ($000) $1 Avg Close $57.38 Range $54.13 - $60.96

Q2 2025

Shares 21,298 Value ($000) $1 Avg Close $56.47 Range $52.67 - $59.65

Q1 2025

Shares 21,298 Value ($000) $1 Avg Close $56.47 Range $52.15 - $59.45

Q4 2024

Shares 21,298 Value ($000) $1 Avg Close $57.33 Range $53.67 - $62.19

Q3 2024

Shares 21,788 Value ($000) $1 Avg Close $54.39 Range $49.37 - $58.14

Q2 2024

Shares 21,788 Value ($000) $1 Avg Close $50.26 Range $46.53 - $53.93

Q1 2024

Shares 21,788 Value ($000) $1 Avg Close $47.73 Range $44.68 - $50.77

Q4 2023

Shares 48,113 Value ($000) $3 Avg Close $46.16 Range $41.54 - $51.76

Q3 2023

Shares 48,113 Value ($000) $2 Avg Close $50.50 Range $44.92 - $54.81

Q2 2023

Shares 37,131 Value ($000) $2 Avg Close $55.83 Range $52.26 - $58.57

Q1 2023

Shares 36,059 Value ($000) $2 Avg Close $57.47 Range $51.53 - $64.19

Q4 2022

Shares 82,985 Value ($000) $6 Avg Close $58.05 Range $50.78 - $62.96

Q3 2022

Shares 82,985 Value ($000) $5,620 Avg Close $64.21 Range $58.14 - $68.58

Q1 2022

Shares 81,316 Value ($000) $6,263 Avg Close $58.63 Range $54.02 - $65.73

Q4 2021

Shares 81,302 Value ($000) $5,737 Avg Close $55.40 Range $51.95 - $59.51

Q3 2021

Shares 81,302 Value ($000) $5,103 Avg Close $56.46 Range $51.50 - $60.51

Q2 2021

Shares 81,302 Value ($000) $5,335 Avg Close $55.86 Range $53.24 - $58.36

Q1 2021

Shares 81,302 Value ($000) $5,429 Avg Close $50.63 Range $47.19 - $55.19

Q4 2020

Shares 83,487 Value ($000) $5,130 Avg Close $48.27 Range $42.45 - $52.98

Q3 2020

Shares 74,793 Value ($000) $4,001 Avg Close $45.64 Range $41.75 - $49.89

Q2 2020

Shares 58,992 Value ($000) $3,342 Avg Close $47.91 Range $41.68 - $55.82

Q1 2020

Shares 57,592 Value ($000) $3,687 Avg Close $59.44 Range $37.90 - $68.25

Q4 2019

Shares 57,771 Value ($000) $4,538 Avg Close $60.15 Range $57.52 - $62.11

Q3 2019

Shares 57,771 Value ($000) $4,433 Avg Close $60.34 Range $54.21 - $62.80

Q2 2019

Shares 57,771 Value ($000) $4,516 Avg Close $58.01 Range $54.08 - $63.38

Q1 2019

Shares 57,947 Value ($000) $4,293 Avg Close $52.65 Range $46.35 - $57.40

Q4 2018

Shares 56,747 Value ($000) $3,563 Avg Close $47.68 Range $43.15 - $52.00

Q3 2018

Shares 55,186 Value ($000) $3,205 Avg Close $45.23 Range $42.66 - $48.12

Q2 2018

Shares 56,321 Value ($000) $3,447 Avg Close $42.43 Range $39.15 - $46.25

Q1 2018

Shares 55,921 Value ($000) $3,036 Avg Close $39.62 Range $37.38 - $44.38

Q4 2017

Shares 52,318 Value ($000) $3,145 Avg Close $45.46 Range $41.87 - $51.03

Q3 2017

Shares 33,503 Value ($000) $2,308 Avg Close $50.60 Range $48.73 - $51.89

Q2 2017

Shares 33,503 Value ($000) $2,260 Avg Close $49.84 Range $47.18 - $52.32

Q1 2017

Shares 32,703 Value ($000) $2,174 Avg Close $45.51 Range $43.01 - $48.38

Q4 2016

Shares 35,202 Value ($000) $2,160 Avg Close $42.62 Range $38.96 - $45.02

Q3 2016

Shares 22,138 Value ($000) $1,355 Avg Close $43.19 Range $40.45 - $45.62

Q2 2016

Shares 11,238 Value ($000) $708 Avg Close $42.44 Range $39.39 - $44.88

Q1 2016

Shares 11,238 Value ($000) $676 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 11,238 Value ($000) $522 Avg Close $30.44 Range $27.84 - $33.06

Q3 2015

Shares 11,238 Value ($000) $465 Avg Close $28.18 Range $25.38 - $32.28

Q2 2015

Shares 11,238 Value ($000) $491 Avg Close $32.61 Range $29.70 - $35.86

Q1 2015

Shares 11,238 Value ($000) $567 Avg Close $34.02 Range $32.42 - $35.85

Q4 2014

Shares 11,238 Value ($000) $596 Avg Close $35.24 Range $31.42 - $38.13

Q3 2014

Shares 11,238 Value ($000) $538 Avg Close $35.67 Range $31.93 - $41.13

Q2 2014

Shares 11,238 Value ($000) $690 Avg Close $38.31 Range $36.56 - $40.65

Q1 2014

Shares 11,238 Value ($000) $648 Avg Close $36.15 Range $33.35 - $38.82

Q4 2013

Shares 11,238 Value ($000) $590 Avg Close $33.02 Range $30.45 - $35.53

Q3 2013

Shares 11,238 Value ($000) $560 Avg Close $32.70 Range $30.21 - $35.44

Q2 2013

Shares 13,538 Value ($000) $660 Avg Close $30.15 Range $27.57 - $32.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,298	$1	$66.47	$58.20 - $73.32
Q3 2025	21,298	$1	$57.38	$54.13 - $60.96
Q2 2025	21,298	$1	$56.47	$52.67 - $59.65
Q1 2025	21,298	$1	$56.47	$52.15 - $59.45
Q4 2024	21,298	$1	$57.33	$53.67 - $62.19
Q3 2024	21,788	$1	$54.39	$49.37 - $58.14
Q2 2024	21,788	$1	$50.26	$46.53 - $53.93
Q1 2024	21,788	$1	$47.73	$44.68 - $50.77
Q4 2023	48,113	$3	$46.16	$41.54 - $51.76
Q3 2023	48,113	$2	$50.50	$44.92 - $54.81
Q2 2023	37,131	$2	$55.83	$52.26 - $58.57
Q1 2023	36,059	$2	$57.47	$51.53 - $64.19
Q4 2022	82,985	$6	$58.05	$50.78 - $62.96
Q3 2022	82,985	$5,620	$64.21	$58.14 - $68.58
Q1 2022	81,316	$6,263	$58.63	$54.02 - $65.73
Q4 2021	81,302	$5,737	$55.40	$51.95 - $59.51
Q3 2021	81,302	$5,103	$56.46	$51.50 - $60.51
Q2 2021	81,302	$5,335	$55.86	$53.24 - $58.36
Q1 2021	81,302	$5,429	$50.63	$47.19 - $55.19
Q4 2020	83,487	$5,130	$48.27	$42.45 - $52.98
Q3 2020	74,793	$4,001	$45.64	$41.75 - $49.89
Q2 2020	58,992	$3,342	$47.91	$41.68 - $55.82
Q1 2020	57,592	$3,687	$59.44	$37.90 - $68.25
Q4 2019	57,771	$4,538	$60.15	$57.52 - $62.11
Q3 2019	57,771	$4,433	$60.34	$54.21 - $62.80
Q2 2019	57,771	$4,516	$58.01	$54.08 - $63.38
Q1 2019	57,947	$4,293	$52.65	$46.35 - $57.40
Q4 2018	56,747	$3,563	$47.68	$43.15 - $52.00
Q3 2018	55,186	$3,205	$45.23	$42.66 - $48.12
Q2 2018	56,321	$3,447	$42.43	$39.15 - $46.25
Q1 2018	55,921	$3,036	$39.62	$37.38 - $44.38
Q4 2017	52,318	$3,145	$45.46	$41.87 - $51.03
Q3 2017	33,503	$2,308	$50.60	$48.73 - $51.89
Q2 2017	33,503	$2,260	$49.84	$47.18 - $52.32
Q1 2017	32,703	$2,174	$45.51	$43.01 - $48.38
Q4 2016	35,202	$2,160	$42.62	$38.96 - $45.02
Q3 2016	22,138	$1,355	$43.19	$40.45 - $45.62
Q2 2016	11,238	$708	$42.44	$39.39 - $44.88
Q1 2016	11,238	$676	$37.32	$31.07 - $42.88
Q4 2015	11,238	$522	$30.44	$27.84 - $33.06
Q3 2015	11,238	$465	$28.18	$25.38 - $32.28
Q2 2015	11,238	$491	$32.61	$29.70 - $35.86
Q1 2015	11,238	$567	$34.02	$32.42 - $35.85
Q4 2014	11,238	$596	$35.24	$31.42 - $38.13
Q3 2014	11,238	$538	$35.67	$31.93 - $41.13
Q2 2014	11,238	$690	$38.31	$36.56 - $40.65
Q1 2014	11,238	$648	$36.15	$33.35 - $38.82
Q4 2013	11,238	$590	$33.02	$30.45 - $35.53
Q3 2013	11,238	$560	$32.70	$30.21 - $35.44
Q2 2013	13,538	$660	$30.15	$27.57 - $32.51