iA Global Asset Management Inc. Purchases 4,128 Shares of Sempra (NYSE:SRE)

iA Global Asset Management Inc. lifted its position in Sempra (NYSE:SRE) by 59.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,112 shares of the utilities provider’s stock after acquiring an additional 4,128 shares during the period. iA Global Asset Management Inc.’s holdings in Sempra were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Sempra by 6,656.3% during the fourth quarter. International Assets Investment Management LLC now owns 47,902 shares of the utilities provider’s stock valued at $3,580,000 after buying an additional 47,193 shares during the period. Kestra Private Wealth Services LLC boosted its stake in Sempra by 9.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,988 shares of the utilities provider’s stock worth $821,000 after acquiring an additional 917 shares in the last quarter. Brighton Jones LLC boosted its stake in Sempra by 2.9% during the fourth quarter. Brighton Jones LLC now owns 6,439 shares of the utilities provider’s stock worth $481,000 after acquiring an additional 184 shares in the last quarter. Savant Capital LLC grew its holdings in Sempra by 5.2% in the fourth quarter. Savant Capital LLC now owns 5,525 shares of the utilities provider’s stock worth $413,000 after purchasing an additional 272 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Sempra by 7.2% during the fourth quarter. Victory Capital Management Inc. now owns 793,390 shares of the utilities provider’s stock valued at $59,290,000 after purchasing an additional 53,297 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Trading Up 0.7 %

Shares of SRE stock opened at $82.18 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. The stock has a fifty day simple moving average of $78.20 and a two-hundred day simple moving average of $74.55. The firm has a market capitalization of $51.79 billion, a PE ratio of 18.22, a PEG ratio of 2.78 and a beta of 0.74. Sempra has a 52-week low of $63.75 and a 52-week high of $83.68.

Sempra (NYSE:SRE) last released its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, analysts predict that Sempra will post 4.79 EPS for the current fiscal year.

Insider Transactions at Sempra

In related news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,751 shares of the company’s stock, valued at $1,107,357.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SRE. BMO Capital Markets dropped their price target on Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI boosted their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Mizuho raised their price target on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a report on Friday, May 17th. Wells Fargo & Company upped their price target on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Finally, Barclays increased their price objective on shares of Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.36.

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.