Sempra (NYSE:SRE) Holdings Reduced by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

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

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Barclays raised their target price on Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sempra has an average rating of “Moderate Buy” and an average target price of $91.60.

Insider Activity

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is owned by corporate insiders.

Sempra Stock Up 0.1 %

SRE stock opened at $82.88 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The firm has a market capitalization of $52.50 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.10 and a beta of 0.78. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company’s 50 day simple moving average is $88.06 and its 200-day simple moving average is $84.05.

Sempra (NYSE:SRE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the firm earned $1.08 earnings per share. Sempra’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.99%. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

About Sempra

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.