Sempra (NYSE:SRE) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Sempra (NYSE:SRE) by 26.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,030 shares of the utilities provider’s stock after buying an additional 13,509 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sempra were worth $5,702,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares during the last quarter. State Street Corp grew its stake in Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares during the last quarter. National Bank of Canada FI increased its position 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 buying an additional 414,406 shares during the period. Unigestion Holding SA bought a new stake in Sempra in the third quarter valued at $33,023,000. Finally, Bank of Montreal Can boosted its holdings in shares of Sempra by 38.3% during the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock valued at $118,219,000 after acquiring an additional 393,277 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SRE. Wells Fargo & Company boosted 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. Evercore ISI increased their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays cut their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Sempra presently has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Price Performance

Shares of NYSE SRE opened at $81.94 on Friday. The firm has a 50-day moving average of $85.64 and a two-hundred day moving average of $84.44. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.11 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77.

Sempra (NYSE:SRE) last posted its quarterly 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 return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. As a group, analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Sempra Company 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.