Mitsubishi UFJ Trust & Banking Corp Trims Holdings in Coterra Energy Inc. $CTRA

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Mitsubishi UFJ Trust & Banking Corp significantly reduced its stake in Coterra Energy Inc. by 45.6% in the fourth quarter, selling 378,405 shares and retaining 451,987 shares valued at $11.9 million. Despite this, institutional investors and hedge funds still own a substantial 87.92% of the company’s stock. Coterra Energy recently announced a quarterly dividend of $0.22, and analysts maintain a “Moderate Buy” consensus rating with a target price of $37.32.

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