PGE Polska Grupa Energetyczna 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 PGE?
Owner Type	Number of Shares	Ownership Percentage
General Public	289,919,035	12.9%
Institutions	588,192,466	26.2%
State or Government	1,365,601,493	60.9%

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

Top Shareholders

Top 25 shareholders own 85.96% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
60.9%	The State Treasury of the Republic of Poland	1,365,601,493	zł13.5b	0%	no data
4.92%	Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.	110,336,677	zł1.1b	0%	1.52%
4.29%	PTE Allianz Polska SA	96,184,057	zł949.0m	0%	1.68%
3.18%	Powszechne Towarzystwo Emerytalne PZU SA	71,400,997	zł704.4m	0%	2.13%
2.13%	Generali Powszechne Towarzystwo Emerytalne S A	47,848,672	zł472.1m	0%	1.73%
1.6%	The Vanguard Group, Inc.	35,906,904	zł354.3m	0.13%	no data
1.44%	Aegon Asset Management UK Plc	32,291,726	zł318.6m	0%	0.41%
1.31%	BlackRock, Inc.	29,442,416	zł290.5m	0.83%	no data
1.17%	UNIQA Österreich Versicherungen AG	26,176,237	zł258.3m	0%	2.22%
0.83%	Towarzystwo Finansowe Silesia Sp. z o.o.	18,697,608	zł184.5m	0%	97.85%
0.77%	Goldman Sachs Asset Management, L.P.	17,218,350	zł169.9m	0.01%	0.01%
0.76%	Powszechne Towarzystwo Emerytalne Bankowy S.A.	17,163,435	zł169.3m	0%	1.94%
0.58%	Dimensional Fund Advisors LP	13,019,080	zł128.4m	1.7%	no data
0.5%	GAMMA PKO Towarzystwo Funduszy Inwestycyjnych SA	11,304,947	zł111.5m	0%	0.76%
0.31%	Pocztylion Arka PTE S.A.	7,063,387	zł69.7m	0%	1.53%
0.27%	Towarzystwo Funduszy Inwestycyjnych PZU SA	6,057,180	zł59.8m	0%	0.58%
0.23%	Charles Schwab Investment Management, Inc.	5,257,496	zł51.9m	0.15%	no data
0.19%	Geode Capital Management, LLC	4,296,287	zł42.4m	2.6%	no data
0.12%	Santander Towarzystwo Funduszy Inwestycyjnych S.A.	2,777,164	zł27.4m	0%	0.54%
0.11%	State Street Global Advisors, Inc.	2,573,465	zł25.4m	0.47%	no data
0.085%	Generali Investments TFI S.A	1,909,889	zł18.8m	0%	0.67%
0.074%	UBS Asset Management AG	1,671,147	zł16.5m	0%	no data
0.074%	Lazard Asset Management LLC	1,657,805	zł16.4m	54.3%	no data
0.065%	American Century Investment Management Inc	1,447,453	zł14.3m	70.8%	no data
0.064%	AXA Towarzystwo Funduszy Inwestycyjnych SA	1,434,428	zł14.2m	0%	0.58%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/29 21:26
End of Day Share Price	2025/11/28 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

PGE Polska Grupa Energetyczna S.A. is covered by 22 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
Kamil Kliszcz	Biuro maklerskie mBanku
Phillip Gottschalk	BNP Paribas
Olivier Van Doosselaere	BNP Paribas