{"id":46438,"date":"2026-07-01T04:26:58","date_gmt":"2026-07-01T04:26:58","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/46438\/"},"modified":"2026-07-01T04:26:58","modified_gmt":"2026-07-01T04:26:58","slug":"e-on-ses-etreoan-largest-shareholders-are-individual-investors-with-48-ownership-institutions-own-36","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/46438\/","title":{"rendered":"E.ON SE&#8217;s (ETR:EOAN) largest shareholders are individual investors with 48% ownership, institutions own 36%"},"content":{"rendered":"<p>        Key Insights            <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Significant control over E.ON by individual investors implies that the general public has more power to influence management and governance-related decisions  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">46% of the business is held by the top 25 shareholders  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares\/ownership?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=cta&amp;utm_source=yahoo\" data-ylk=\"slk:Institutions%20own%2036%25%20of%20E.ON;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Institutions own 36% of E.ON&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Institutions own 36% of E.ON<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">A look at the shareholders of E.ON SE (<a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=intro&amp;utm_source=yahoo\" data-ylk=\"slk:ETR%3AEOAN;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;ETR:EOAN&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">ETR:EOAN<\/a>) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are individual investors with 48% ownership. Put another way, the group faces the maximum upside potential (or downside risk).  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Institutions, on the other hand, account for 36% of the company&#8217;s stockholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">In the chart below, we zoom in on the different ownership groups of E.ON.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=cta&amp;utm_source=yahoo\" data-ylk=\"slk:Check%20out%20our%20latest%20analysis%20for%20E.ON;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Check out our latest analysis for E.ON&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Check out our latest analysis for E.ON<\/a>  <\/p>\n<p>    <a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares\/ownership?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"ownership-breakdown\" height=\"270\" width=\"821\" class=\"yf-lglytj loader\"\/><\/a> XTRA:EOAN Ownership Breakdown July 27th 2023           What Does The Institutional Ownership Tell Us About E.ON?          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">As you can see, institutional investors have a fair amount of stake in E.ON. 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&#8217;s always a risk that they are in a &#8216;crowded trade&#8217;. 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 E.ON&#8217;s historic earnings and revenue below, but keep in mind there&#8217;s always more to the story.  <\/p>\n<p>    <a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares\/future?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"earnings-and-revenue-growth\" height=\"524\" width=\"821\" class=\"yf-lglytj loader\"\/><\/a> XTRA:EOAN Earnings and Revenue Growth July 27th 2023           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">E.ON is not owned by hedge funds. RWE Aktiengesellschaft is currently the largest shareholder, with 15% of shares outstanding. The second and third largest shareholders are Canada Pension Plan Investment Board and BlackRock, Inc., with an equal amount of shares to their name at 5.1%.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Researching institutional ownership is a good way to gauge and filter a stock&#8217;s expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.  <\/p>\n<p>        Insider Ownership Of E.ON           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Our data cannot confirm that board members are holding shares personally. Not all jurisdictions have the same rules around disclosing insider ownership, and it is possible we have missed something, here. So you can <a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares\/management?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=integrated-pitch&amp;utm_source=yahoo\" data-ylk=\"slk:click%20here%20learn%20more%20about%20the%20CEO.;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;click here learn more about the CEO.&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">click here learn more about the CEO.<\/a>  <\/p>\n<p>          General Public Ownership         <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The general public, who are usually individual investors, hold a 48% stake in E.ON. While this group can&#8217;t necessarily call the shots, it can certainly have a real influence on how the company is run.  <\/p>\n<p>       Public Company Ownership         <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">We can see that public companies hold 15% of the E.ON shares on issue. It&#8217;s hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it&#8217;s worth watching this space for changes in ownership.  <\/p>\n<p>       Next Steps:         <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. <a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=integrated-pitch&amp;utm_source=yahoo\" data-ylk=\"slk:We&#039;ve%20identified%205%20warning%20signs;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;We&#039;ve identified 5 warning signs&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">We&#8217;ve identified 5 warning signs <\/a><a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=integrated-pitch&amp;utm_source=yahoo\" data-ylk=\"slk:with%20E.ON;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;with E.ON&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">with E.ON <\/a>, and understanding them should be part of your investment process.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at <a href=\"https:\/\/simplywall.st\/stocks\/de\/utilities\/etr-eoan\/eon-shares\/future?blueprint=2604481&amp;utm_medium=finance_user&amp;utm_campaign=conclusion&amp;utm_source=yahoo\" data-ylk=\"slk:this%20free%20report%20showing%20whether%20analysts%20are%20predicting%20a%20brighter%20future;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;this free report showing whether analysts are predicting a brighter future&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">this free report showing whether analysts are predicting a brighter future<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Have feedback on this article? Concerned about the content? <a href=\"https:\/\/feedback.simplywall.st\/article\/MjYwNDQ4MTphOTYyM2JiMjI2MDFjMjcw\" data-ylk=\"slk:Get%20in%20touch;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Get in touch&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Get in touch<\/a> with us directly. Alternatively, email editorial-team (at) simplywallst.com.<\/p>\n<p>This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Join A Paid User Research Session<br \/>You&#8217;ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. <a href=\"https:\/\/investor-research.typeform.com\/to\/othMTqFM\" data-ylk=\"slk:Sign%20up%20here;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Sign up here&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Sign up here<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"Key Insights Significant control over E.ON by individual investors implies that the general public has more power to&hellip;\n","protected":false},"author":2,"featured_media":46439,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21068],"tags":[21104,21103,22392,22744,22393],"class_list":["post-46438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-e-on","tag-e-on","tag-e-on-se","tag-individual-investors","tag-institutional-investors","tag-shareholders"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/46438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=46438"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/46438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/46439"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=46438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=46438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=46438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}