CIBC Asset Management Inc Has $9.69 Million Holdings in Sempra (NYSE:SRE)

CIBC Asset Management Inc increased its stake in Sempra (NYSE:SRE) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,423 shares of the utilities provider’s stock after purchasing an additional 2,623 shares during the period. CIBC Asset Management Inc’s holdings in Sempra were worth $9,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in Sempra in the 4th quarter worth $26,000. Eastern Bank acquired a new position in shares of Sempra during the 3rd quarter worth about $28,000. Human Investing LLC acquired a new position in shares of Sempra during the 4th quarter worth about $31,000. Hollencrest Capital Management boosted its stake in shares of Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the transaction, the senior vice president now directly owns 13,905 shares in the company, valued at $1,139,236.65. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company increased their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI raised their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays cut their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Stock Up 0.6 %

Sempra stock opened at $84.59 on Wednesday. The stock has a market cap of $53.58 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.09 and a beta of 0.78. The company has a quick ratio of 0.47, a current ratio of 0.52 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. The company’s 50-day moving average price is $84.51 and its two-hundred day moving average price is $84.72.

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.