Morgan Stanley Boosts Sempra’s Outlook to Overweight
On December 13, 2024, Morgan Stanley raised its rating for Sempra (WBAG:SREN) from Equal-Weight to Overweight.
Institutional Interest in Sempra Grows
Currently, 1,922 funds or institutions hold positions in Sempra, reflecting an increase of 77 owners, or 4.17%, in the past quarter. The average portfolio weight in Seren across all funds stands at 0.11%, a rise of 74.22%. However, total institutional shares declined by 0.89% to 700,353K shares over the last three months.
Capital International Investors currently holds 49,871K shares, equating to a 7.87% ownership stake, down from 54,094K shares previously, indicating an 8.47% decrease. Their allocation in SREN dropped by 5.49% last quarter.
Wellington Management Group LLP owns 34,325K shares, which represents 5.42% ownership. Last quarter, their shares totaled 34,196K, a slight 0.38% increase, despite an 84.82% reduction in total allocation to SREN.
The Vanguard Total Stock Market Index Fund (VTSMX) has 20,062K shares, representing 3.17% ownership. Previously, they owned 19,995K shares, reflecting a 0.33% increase. Their allocation to SREN grew by 3.62% last quarter.
Washington Mutual Investors Fund (AWSHX) holds 19,240K shares for a 3.04% stake. The firm reported marginally less at 19,247K shares last quarter, marking a 0.03% decrease. Nonetheless, they increased their portfolio allocation in SREN by 4.35% last quarter.
The Vanguard 500 Index Fund (VFINX) owns 16,582K shares, accounting for 2.62% of ownership. Previously, they had 16,243K shares, showing a 2.05% increase. Their allocation to SREN also increased by 3.30% over the last quarter.
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This article was originally published by Fintel.
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