How much of Tech and Energy Transition Corporation (NASDAQ: TETC) do institutions own?

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The large shareholder groups of Tech and Energy Transition Corporation (NASDAQ: TETC) have power over the company. Insiders often own a large portion of younger and smaller companies, while larger companies tend to have institutions as shareholders. We also tend to see a decrease in insider ownership in companies that were previously owned by the state.

Tech and Energy Transition is not a big company by global standards. It has a market cap of $ 469 million, which means it wouldn’t get the attention of many institutional investors. Our analysis of company ownership, below, shows that institutions own shares in the company. Let’s take a closer look at what the different types of shareholders can tell us about the Technological and Energy Transition.

See our latest analysis for the technological and energy transition

ownership distribution

What does institutional ownership tell us about the technological and energy transition?

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

We can clearly see that the Technological and Energy Transition has institutional investors; and they own a large portion of the company’s stock. This may indicate that the company has a certain degree of credibility in the investment community. However, it’s best to beware of relying on the so-called validation that comes with institutional investors. They too are sometimes wrong. When several institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes awry, several parties may compete with each other to sell stocks quickly. This risk is higher in a company with no history of growth. You can see Tech and Energy Transition’s historical revenue and revenue below, but keep in mind that there is always more to tell.

profit and revenue growth

profit and revenue growth

Hedge funds do not have much of a stake in the technological and energy transition. Our data shows that Macquarie Group Limited is the largest shareholder with 18% of the shares outstanding. Meanwhile, the second and third largest shareholders hold 4.7% and 4.4% of the outstanding shares, respectively.

Looking at the register of shareholders, we can see that 51% of the property is controlled by the 12 major shareholders, which means that no shareholder has a controlling interest in the property.

While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. As far as I know, there is no analyst coverage of the company, so it probably goes under the radar.

Insider property of the technological and energy transition

The definition of an insider may differ slightly from country to country, but board members still count. The management of the company is accountable to the board of directors and the board must represent the interests of the shareholders. Notably, sometimes senior executives themselves sit on the board of directors.

I generally consider insider ownership to be a good thing. However, there are times when it is more difficult for other shareholders to hold the board accountable for decisions.

We can see that the insiders own shares in Tech and Energy Transition Corporation. As individuals, insiders collectively own US $ 10 million of the US $ 469 million company. It shows at least some alignment. You can click here to see if these insiders have bought or sold.

General public property

The general public, with a 34% stake in the company, will not be easily overlooked. While this property size may not be enough to influence a policy decision in their favor, they can still have a collective impact on company policies.

Public enterprise ownership

We see that public companies hold 18% of Tech and Energy Transition shares on issue. It’s hard to say for sure, but it suggests that they have intertwined business interests. This can be a strategic issue, so it’s worth watching this space for changes in ownership.

Next steps:

While it is worth considering the different groups that own a business, there are other factors that are even more important. Take risks, for example – The Technological and Energy Transition has 2 warning signs we think you should be aware.

Sure this might not be the best stock to buy. So take a look at this free free list of interesting companies.

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

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

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