Eneva Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ENEV3?
Owner Type	Number of Shares	Ownership Percentage
Hedge Funds	183,998,960	9.26%
Private Companies	437,159,820	22%
Institutions	1,366,045,580	68.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 101.2% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
25.8%	BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários	493,439,011	R$10.4b	0.9%	25.05%
22.8%	Partners Alpha Investments LLC	437,492,863	R$9.2b	0%	no data
16.3%	Lanx Capital Investimentos, LTDA	312,640,404	R$6.6b	0%	99.0%
9.6%	Dynamo Administracao de Recursos Ltda.	183,998,960	R$3.9b	0%	51.06%
5.22%	GQG Partners LLC	100,076,800	R$2.1b	0%	0.28%
4.05%	BW Gestao de Investimentos Ltda.	77,609,028	R$1.6b	0%	6.8%
3.98%	Atmos Capital Gestao de Recursos Ltda	76,156,431	R$1.6b	0%	13.4%
2.04%	The Vanguard Group, Inc.	39,097,798	R$821.8m	1.08%	no data
1.98%	Sharp Capital Gestora De Recursos Ltda	37,990,414	R$798.6m	0%	8.83%
1.85%	BlackRock, Inc.	35,397,952	R$744.1m	1.11%	no data
1.65%	Absoluto Partners Gestao De Recursos Ltda	31,628,709	R$664.8m	0%	12.26%
1.41%	VELT Partners Investimentos Ltda.	27,073,531	R$569.1m	0%	44.63%
0.86%	Norges Bank Investment Management	16,493,181	R$346.7m	0%	no data
0.53%	Itaú Investment Solutions S.A.	10,235,011	R$215.1m	0%	3.01%
0.53%	HIX Investimentos Ltda.	10,062,959	R$211.5m	0%	26.04%
0.35%	BTG Pactual Serviços Financeiros S.A. Distribuidora de Títulos e Valores Mobiliários	6,756,092	R$142.0m	0%	6.1%
0.32%	BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A.	6,115,621	R$128.5m	0%	0.52%
0.3%	Gavea investimentos Ltda	5,825,035	R$122.4m	0%	19.05%
0.29%	XP Gestao de Recursos Ltda.	5,609,009	R$117.9m	0%	6.25%
0.27%	Oceana Investimentos Administradora de Carteira Ltda.	5,144,802	R$108.1m	0%	2.06%
0.26%	Dimensional Fund Advisors LP	5,020,607	R$105.5m	0.8%	no data
0.21%	Geode Capital Management, LLC	3,993,755	R$84.0m	5.84%	no data
0.2%	Canada Pension Plan Investment Board	3,863,000	R$81.2m	0%	0.01%
0.19%	SPX Gestão de Recursos Ltda	3,625,478	R$76.2m	0%	1.87%
0.18%	Morgan Stanley Administradora de Carteiras S.A.	3,393,768	R$71.3m	0%	1.15%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/03 07:46
End of Day Share Price	2025/12/03 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eneva S.A. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gustavo Faria	BofA Global Research
Francisco Navarrete	Bradesco S.A. Corretora de Títulos e Valores Mobiliários
Carlos Palhares Sequeira	BTG Pactual