Canada Pension Plan Investment Board Boosts Stake in Sempra (NYSE:SRE)

Canada Pension Plan Investment Board increased its position in shares of Sempra (NYSE:SREFree Report) by 100.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,492 shares of the utilities provider’s stock after acquiring an additional 164,746 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.05% of Sempra worth $22,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Capital International Investors lifted its stake in Sempra by 11.6% during the second quarter. Capital International Investors now owns 27,459,739 shares of the utilities provider’s stock worth $3,997,728,000 after purchasing an additional 2,843,930 shares in the last quarter. State Street Corp lifted its holdings in Sempra by 0.5% during the 2nd quarter. State Street Corp now owns 17,502,896 shares of the utilities provider’s stock worth $2,548,247,000 after buying an additional 83,368 shares in the last quarter. Newport Trust Company LLC lifted its holdings in Sempra by 104.0% during the 3rd quarter. Newport Trust Company LLC now owns 14,416,527 shares of the utilities provider’s stock worth $980,756,000 after buying an additional 7,348,746 shares in the last quarter. Norges Bank acquired a new stake in Sempra during the 4th quarter worth approximately $1,000,291,000. Finally, Clearbridge Investments LLC lifted its holdings in Sempra by 3.8% during the 2nd quarter. Clearbridge Investments LLC now owns 5,815,727 shares of the utilities provider’s stock worth $846,712,000 after buying an additional 212,233 shares in the last quarter. Institutional investors and hedge funds own 84.83% of the company’s stock.

Sempra Stock Performance

Shares of SRE opened at $69.67 on Monday. The company has a 50-day moving average of $73.42 and a two-hundred day moving average of $71.85. The stock has a market cap of $43.84 billion, a P/E ratio of 16.11, a PEG ratio of 2.91 and a beta of 0.72. Sempra has a 12-month low of $63.75 and a 12-month high of $80.15. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.86.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Wednesday, December 6th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 3.42%. The ex-dividend date was Tuesday, December 5th. Sempra’s payout ratio is 55.03%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Sempra from a “neutral” rating to an “overweight” rating and raised their target price for the company from $78.00 to $86.00 in a report on Tuesday, December 12th. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a report on Saturday. Barclays raised their target price on Sempra from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Morgan Stanley cut their target price on Sempra from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 21st. Finally, LADENBURG THALM/SH SH assumed coverage on Sempra in a research report on Wednesday, January 3rd. They set a “buy” rating and a $81.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and a consensus target price of $81.83.

Check Out Our Latest Research Report on Sempra

Insider Buying and Selling at Sempra

In related news, CEO Jeffrey W. Martin sold 34,190 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the sale, the chief executive officer now owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Sempra Company Profile

(Free Report)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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