Oregon Public Employees Retirement Fund Trims Stake in Sempra (NYSE:SRE)

Oregon Public Employees Retirement Fund reduced its position in Sempra (NYSE:SREGet Rating) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,927 shares of the utilities provider’s stock after selling 800 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sempra were worth $3,430,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SRE. Franklin Resources Inc. increased its position in shares of Sempra by 28.6% during the third quarter. Franklin Resources Inc. now owns 8,552,879 shares of the utilities provider’s stock worth $1,081,940,000 after acquiring an additional 1,904,484 shares during the period. BlackRock Inc. increased its position in shares of Sempra by 3.8% during the third quarter. BlackRock Inc. now owns 26,892,077 shares of the utilities provider’s stock worth $3,401,849,000 after acquiring an additional 973,779 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Sempra by 3,070.7% during the third quarter. Thrivent Financial for Lutherans now owns 487,052 shares of the utilities provider’s stock worth $61,611,000 after acquiring an additional 471,691 shares during the period. Assetmark Inc. increased its position in shares of Sempra by 16,546.8% during the third quarter. Assetmark Inc. now owns 352,412 shares of the utilities provider’s stock worth $44,580,000 after acquiring an additional 350,295 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Sempra by 124.7% during the fourth quarter. Russell Investments Group Ltd. now owns 609,235 shares of the utilities provider’s stock valued at $80,569,000 after buying an additional 338,057 shares during the period. 84.91% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the stock. Mizuho boosted their price objective on shares of Sempra from $148.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, March 30th. KeyCorp boosted their price objective on shares of Sempra from $142.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, January 13th. StockNews.com assumed coverage on shares of Sempra in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet raised shares of Sempra from a “c+” rating to a “b” rating in a research note on Wednesday, December 15th. Finally, Morgan Stanley boosted their price objective on shares of Sempra from $151.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sempra currently has a consensus rating of “Hold” and a consensus price target of $150.57.

In other news, CAO Karen L. Sedgwick sold 908 shares of the business’s stock in a transaction on Friday, January 28th. The shares were sold at an average price of $135.08, for a total transaction of $122,652.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 30,796 shares of the business’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $162.23, for a total transaction of $4,996,035.08. The disclosure for this sale can be found here. Insiders have sold 34,263 shares of company stock worth $5,488,335 over the last three months. Corporate insiders own 0.10% of the company’s stock.

NYSE SRE opened at $169.79 on Monday. The firm’s fifty day simple moving average is $149.95 and its two-hundred day simple moving average is $136.27. The company has a current ratio of 0.44, a quick ratio of 0.40 and a debt-to-equity ratio of 0.79. Sempra has a 12-month low of $119.56 and a 12-month high of $170.76. The firm has a market capitalization of $53.61 billion, a P/E ratio of 41.31, a P/E/G ratio of 3.60 and a beta of 0.63.

Sempra (NYSE:SREGet Rating) last released its quarterly earnings results on Friday, February 25th. The utilities provider reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.14. Sempra had a net margin of 10.84% and a return on equity of 11.14%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts predict that Sempra will post 8.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Friday, March 25th will be issued a dividend of $1.145 per share. The ex-dividend date is Thursday, March 24th. This is a positive change from Sempra’s previous quarterly dividend of $1.10. This represents a $4.58 dividend on an annualized basis and a dividend yield of 2.70%. Sempra’s payout ratio is 111.44%.

Sempra Profile (Get Rating)

Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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