Tokio Marine Asset Management Co. Ltd. Has $985,000 Stock Position in Sempra (NYSE:SRE)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Sempra (NYSE:SRE) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,175 shares of the utilities provider’s stock after buying an additional 1,147 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Sempra were worth $985,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its stake in shares of Sempra by 7.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 29,004 shares of the utilities provider’s stock worth $2,172,000 after purchasing an additional 2,053 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Sempra in the fourth quarter worth approximately $325,000. RWA Wealth Partners LLC purchased a new stake in shares of Sempra in the fourth quarter worth approximately $605,000. Stock Yards Bank & Trust Co. raised its stake in shares of Sempra by 1.2% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 20,646 shares of the utilities provider’s stock worth $1,543,000 after purchasing an additional 242 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Sempra by 36.6% in the fourth quarter. Jennison Associates LLC now owns 2,455,445 shares of the utilities provider’s stock worth $183,495,000 after purchasing an additional 658,477 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sempra news, insider Diana L. Day sold 3,937 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total transaction of $280,353.77. Following the sale, the insider now owns 18,145 shares in the company, valued at $1,292,105.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Diana L. Day sold 3,937 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $280,353.77. Following the sale, the insider now owns 18,145 shares in the company, valued at $1,292,105.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey W. Martin sold 50,703 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the completion of the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $141.84. The disclosure for this sale can be found here. Insiders have sold a total of 122,432 shares of company stock worth $8,668,035 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Sempra Price Performance

Shares of NYSE SRE opened at $71.32 on Friday. The stock has a fifty day simple moving average of $70.55 and a two-hundred day simple moving average of $71.68. Sempra has a 1-year low of $63.75 and a 1-year high of $79.30. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.49 and a beta of 0.71. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.85.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company earned $1.17 earnings per share. Sempra’s revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 21st were given a dividend of $0.62 per share. The ex-dividend date was Wednesday, March 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. This is an increase from Sempra’s previous quarterly dividend of $0.60. Sempra’s dividend payout ratio is currently 51.77%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SRE. Barclays increased their price objective on Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Mizuho lowered their price objective on Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Sempra in a report on Wednesday, March 6th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, LADENBURG THALM/SH SH assumed coverage on Sempra in a report on Wednesday, January 3rd. They issued a “buy” rating and a $81.50 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.14.

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.