Todd Asset Management LLC Has $21.74 Million Stock Holdings in Sempra (NYSE:SRE)

Todd Asset Management LLC boosted its position in Sempra (NYSE:SRE) by 87.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,833 shares of the utilities provider’s stock after purchasing an additional 115,856 shares during the period. Todd Asset Management LLC’s holdings in Sempra were worth $21,740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SRE. FMR LLC raised its stake 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 purchasing an additional 1,582,653 shares during the last quarter. State Street Corp increased its holdings in shares of Sempra by 4.9% in 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 lifted its stake 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 last quarter. Unigestion Holding SA purchased a new position in shares of Sempra in the third quarter worth $33,023,000. Finally, Bank of Montreal Can increased its position in Sempra by 38.3% during the 3rd quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock valued at $118,219,000 after purchasing an additional 393,277 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sempra

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

Wall Street Analysts Forecast Growth

SRE has been the topic of several research analyst reports. Wells Fargo & Company upped 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. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Evercore ISI raised their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays cut their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $91.20.

Sempra Stock Up 0.1 %

SRE opened at $87.20 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $55.23 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.19 and a beta of 0.78. The business’s fifty day moving average is $84.29 and its two-hundred day moving average is $84.98. Sempra has a one year low of $66.40 and a one year high of $95.77.

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.