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Mitsubishi UFJ Financial Group Adjusts Stake in Beach Energy

Story Highlights
  • Mitsubishi UFJ Financial Group no longer holds a substantial stake in Beach Energy.
  • Morgan Stanley’s controlled entity purchased securities, affecting Beach Energy’s shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Adjusts Stake in Beach Energy

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Beach Energy ( (AU:BPT) ) has provided an announcement.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Beach Energy Limited, following a series of transactions involving the purchase of securities by an entity controlled by Morgan Stanley. This change in substantial holding could impact Beach Energy’s shareholder dynamics and influence its market perception, as Mitsubishi UFJ Financial Group adjusts its investment strategy.

The most recent analyst rating on (AU:BPT) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Beach Energy stock, see the AU:BPT Stock Forecast page.

More about Beach Energy

Average Trading Volume: 6,879,974

Technical Sentiment Signal: Sell

Current Market Cap: A$2.59B

See more data about BPT stock on TipRanks’ Stock Analysis page.

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