Terna Energy Societe Anonyme Commercial Technical Company's (ATH:TENERGY) biggest owners are public companies who got richer after stock soared 7.7% last week

By
Simply Wall St
Published
April 13, 2022
ATSE:TENERGY
Source: Shutterstock

To get a sense of who is truly in control of Terna Energy Societe Anonyme Commercial Technical Company (ATH:TENERGY), it is important to understand the ownership structure of the business. With 37% stake, public companies possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

As a result, public companies collectively scored the highest last week as the company hit €2.0b market cap following a 7.7% gain in the stock.

Let's delve deeper into each type of owner of Terna Energy Societe Anonyme Commercial Technical, beginning with the chart below.

Check out our latest analysis for Terna Energy Societe Anonyme Commercial Technical

ownership-breakdown
ATSE:TENERGY Ownership Breakdown April 13th 2022

What Does The Institutional Ownership Tell Us About Terna Energy Societe Anonyme Commercial Technical?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Terna Energy Societe Anonyme Commercial Technical already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Terna Energy Societe Anonyme Commercial Technical's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
ATSE:TENERGY Earnings and Revenue Growth April 13th 2022

Terna Energy Societe Anonyme Commercial Technical is not owned by hedge funds. The company's largest shareholder is GEK TERNA Holdings, Real Estate, Construction S.A., with ownership of 37%. With 11% and 6.0% of the shares outstanding respectively, Goergios Peristeris and Evangelos Marinakis are the second and third largest shareholders. Goergios Peristeris, who is the second-largest shareholder, also happens to hold the title of Top Key Executive.

A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 54% stake.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Terna Energy Societe Anonyme Commercial Technical

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

It seems insiders own a significant proportion of Terna Energy Societe Anonyme Commercial Technical Company. Insiders own €334m worth of shares in the €2.0b company. That's quite meaningful. Most would be pleased to see the board is investing alongside them. You may wish to access this free chart showing recent trading by insiders.

General Public Ownership

The general public, who are usually individual investors, hold a 31% stake in Terna Energy Societe Anonyme Commercial Technical. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Public Company Ownership

It appears to us that public companies own 37% of Terna Energy Societe Anonyme Commercial Technical. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for Terna Energy Societe Anonyme Commercial Technical you should be aware of, and 1 of them is significant.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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