Hera 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 0NVV?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	206,137,267	13.9%
Institutions	300,537,163	20.3%
General Public	479,242,833	32.4%
State or Government	492,456,403	33.3%

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

Top Shareholders

Top 25 shareholders own 63.71% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.7%	Comune di Bologna	187,666,986	€723.6m	0%	no data
7.43%	CON.AMI S.p.A.	109,779,006	€423.3m	0%	no data
6.91%	Comune di Modena	102,227,044	€394.2m	0%	no data
6.52%	Ravenna Holding S.p.A	96,358,261	€371.6m	0%	no data
5.08%	Lazard Asset Management LLC	75,117,439	€289.7m	0%	0.29%
4.99%	Comune di Trieste	73,791,749	€284.5m	0%	no data
4.84%	Comune di Padova	71,542,546	€275.9m	0%	no data
3.86%	Comune di Udine	57,138,706	€220.3m	0%	no data
1.62%	Vanguard Capital Management, LLC	24,019,212	€92.6m	0.29%	no data
1.42%	BlackRock, Inc.	21,016,616	€81.0m	1.42%	no data
1.34%	Dimensional Fund Advisors LP	19,755,457	€76.2m	0.77%	0.01%
0.81%	Norges Bank Investment Management	11,978,258	€46.2m	0%	no data
0.81%	State Street Global Advisors, Inc.	11,951,165	€46.1m	0.44%	no data
0.72%	Amundi Asset Management SAS	10,637,244	€41.0m	82.1%	0.01%
0.7%	Pictet Asset Management Limited	10,395,671	€40.1m	0%	0.03%
0.69%	First Sentier Investors (Australia) IM Ltd	10,267,451	€39.6m	-2.86%	0.11%
0.5%	Royal London Asset Management Ltd.	7,419,379	€28.6m	0%	0.03%
0.46%	Vanguard Fiduciary Trust Company	6,857,910	€26.4m	0%	no data
0.43%	Columbia Management Investment Advisers, LLC	6,406,602	€24.7m	0.28%	0.01%
0.35%	UBS Asset Management AG	5,223,457	€20.1m	0%	no data
0.35%	Allianz Asset Management GmbH	5,111,983	€19.7m	-3.92%	0.02%
0.34%	First Sentier Investors (UK) IM Limited	5,078,535	€19.6m	0%	0.36%
0.31%	Australian Super Pty Ltd	4,598,935	€17.7m	0%	0.01%
0.27%	Janus Henderson Group plc	3,958,189	€15.3m	0%	0.01%
0.24%	CI Global Asset Management	3,575,188	€13.8m	-0.48%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/31 17:47
End of Day Share Price	2026/05/29 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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

Hera S.p.A. is covered by 14 analysts. 5 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
Tommaso Marabini	Banca Akros S.p.A. (ESN)
Francesco Sala	Banca Akros S.p.A. (ESN)
Francesco Sala	Banca Akros S.p.A. (ESN)