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Amplitude Energy ( (AU:AEL) ) has provided an update.
Mitsubishi UFJ Financial Group, Inc. has lodged a notice that it has ceased to be a substantial holder in Amplitude Energy Limited, following a series of transactions in the company’s fully paid ordinary shares through entities controlled by Morgan Stanley and First Sentier Group Limited. The change reflects a reallocation and unwinding of positions, including purchases, sales and collateral returns, that have reduced Mitsubishi UFJ’s voting power below the substantial holding threshold, signalling a notable shift in Amplitude Energy’s share register and potentially altering the balance of institutional influence over the company.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
More about Amplitude Energy
Amplitude Energy Limited is an Australian-listed company in the energy sector, with its shares traded as fully paid ordinary securities. The filing does not specify its operational focus, but the company is subject to Australian corporate disclosure and substantial holding rules under the Corporations Act 2001, indicating a public market investor base and regulatory oversight typical of listed energy businesses.
YTD Price Performance: 31.53%
Average Trading Volume: 610,873
Technical Sentiment Signal: Buy
Current Market Cap: A$875.7M
See more insights into AEL stock on TipRanks’ Stock Analysis page.