Sempra (NYSE:SRE) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in Sempra (NYSE:SRE) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 657,397 shares of the utilities provider’s stock after selling 94,134 shares during the quarter. Sempra makes up 1.8% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 16th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.10% of Sempra worth $57,424,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Sempra by 9.1% in the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after acquiring an additional 1,582,653 shares during the last quarter. State Street Corp boosted its holdings in Sempra by 4.9% in the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares during the last quarter. Clearbridge Investments LLC grew its position in Sempra by 6.9% during the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock valued at $1,023,228,000 after acquiring an additional 874,133 shares during the period. National Bank of Canada FI increased its stake in Sempra by 201.2% during the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after acquiring an additional 414,406 shares during the last quarter. Finally, Unigestion Holding SA purchased a new position in shares of Sempra in the 3rd quarter worth about $33,023,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. Wells Fargo & Company raised their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Finally, Evercore ISI boosted their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, Sempra presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.

Sempra Stock Up 0.1 %

NYSE:SRE opened at $82.88 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a one year low of $66.40 and a one year high of $95.77. The stock has a 50-day simple moving average of $88.06 and a 200 day simple moving average of $84.05. The company has a market capitalization of $52.50 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. Sell-side analysts predict that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.

Sempra Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.