Business · Companies · 2 days ago
JPMorgan discloses a 3.015% stake in Naturgy
JPMorgan disclosed a 3.015% stake in Naturgy, a major gas company, through shares and financial instruments.
The holding was valued at about €856 million, based on Naturgy’s share price at Friday’s close.
JPMorgan said it crossed the reporting threshold on November 2, after previously declaring a 1.26% stake more than a year ago.
Naturgy’s ownership had been relatively quiet since CVC left in the spring, following other changes among its shareholders.
The increase is attributed to financial reasons, including earning dividends for the bank or investors it represents.
Naturgy recently paid a dividend of €0.60 per share and plans a total of €1.80 per share for 2026; no further action by JPMorgan was specified.
JPMorgan disclosed a 3.015% stake in Naturgy, comprising shares and financial instruments.
The stake includes 2.894% of voting rights attached to shares and 0.121% through financial instruments.
The position was worth about €856 million, based on Naturgy’s share closing price of €29.54 on Friday.
JPMorgan said it reached or crossed the reporting threshold on November 2.
Sources cited by Expansión said the increase was for financial reasons, including collecting dividends.
- Who
- JPMorgan disclosed the stake in Naturgy.
- What
- It reported a 3.015% position, including shares and financial instruments.
- When
- The threshold was reached or crossed on November 2; the disclosure was registered on Friday, November 6, 2026.
- Where
- In Naturgy; the disclosure was registered with Spain’s National Securities Market Commission (CNMV).
- Why
- Sources consulted by Expansión attributed the increase to financial reasons, including collecting dividends.
This story does not have two clearly opposing sides.
JPMorgan had disclosed a 1.26% stake in Naturgy.
JPMorgan reached or crossed the threshold for its newly disclosed stake.
Naturgy paid shareholders a dividend of €0.60 per share.
JPMorgan’s 3.015% stake was registered with the CNMV.
- Total stake
- 3.015%
- Voting rights attached to shares
- 2.894%, equivalent to 28.06 million shares
- Financial instruments
- 0.121%
- Estimated value
- About €856 million, using a share price of €29.54
- Threshold date
- November 2, 2026
- Dividend
- €0.60 per share, paid on Thursday