Morgan Stanley Boosts Outlook for Sempra Corporate Bond, Predicting Growth
Analyst Price Forecast Indicates Growth Potential
On December 13, 2024, Morgan Stanley raised its outlook for Sempra – Corporate Bond (NYSE:SREA) from Equal-Weight to Overweight. Analysts currently set the average one-year price target for Sempra – Corporate Bond at $24.39/share, with estimates varying from a low of $22.03 to a high of $27.49. This target suggests a potential increase of 4.24% from the latest closing price of $23.40/share.
Projected Revenue Growth
Sempra – Corporate Bond is expected to generate an annual revenue of $15,192 million, reflecting a significant increase of 17.60%. The projected non-GAAP earnings per share (EPS) stands at 9.79.
Fund Sentiment Analysis
Currently, 30 funds and institutions hold positions in Sempra – Corporate Bond, with the number unchanged from the previous quarter. The average portfolio weight of these funds in SREA has risen by 10.81% to 0.55%. However, the total shares owned by institutions dropped by 1.26% over the last three months, totaling 9,501K shares.
Institutional Shareholding Activities
PFF – iShares Preferred and Income Securities ETF holds 2,890K shares, down from 2,895K in its previous filing, indicating a decrease of 0.19%. Their allocation in SREA declined by 2.32% over the last quarter.
PFXF – VanEck Vectors Preferred Securities ex Financials ETF has 1,230K shares, a slight reduction from 1,231K, showing a decrease of 0.05%. This firm scaled back its SREA allocation by 7.11%.
PGX – Invesco Preferred ETF reported holdings of 1,214K shares, down from 1,245K, reflecting a drop of 2.58%. They, however, increased their allocation in SREA by 2.30% in the last quarter.
FPE – First Trust Preferred Securities and Income ETF increased its holdings to 909K shares, up from 866K, an increase of 4.70%. Their SREA allocation rose by 0.48% over the same period.
PFFD – Global X U.S. Preferred ETF owns 607K shares, a decrease from 613K shares, reflecting a decline of 0.98%. Nevertheless, they increased their portfolio allocation in SREA by 2.82% over the last quarter.
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