Van Lanschot Kempen Investment Management N.V. Grows Position in Sempra (NYSE:SRE)

Van Lanschot Kempen Investment Management N.V. increased its holdings in Sempra (NYSE:SRE) by 25.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,286 shares of the utilities provider’s stock after acquiring an additional 22,742 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Sempra were worth $8,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in Sempra by 6,656.3% in the fourth quarter. International Assets Investment Management LLC now owns 47,902 shares of the utilities provider’s stock worth $3,580,000 after buying an additional 47,193 shares during the period. abrdn plc boosted its position in shares of Sempra by 69.4% during the fourth quarter. abrdn plc now owns 269,831 shares of the utilities provider’s stock valued at $20,164,000 after purchasing an additional 110,562 shares in the last quarter. Signaturefd LLC grew its stake in Sempra by 3.5% in the fourth quarter. Signaturefd LLC now owns 6,448 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 217 shares during the period. RWA Wealth Partners LLC bought a new position in Sempra in the fourth quarter worth $605,000. Finally, GAMMA Investing LLC bought a new position in Sempra in the fourth quarter worth $325,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity

In related news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the sale, the chief accounting officer now owns 14,751 shares in the company, valued at $1,107,357.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Sempra Stock Up 0.1 %

SRE traded up $0.09 during trading on Friday, hitting $81.40. 1,974,640 shares of the company’s stock traded hands, compared to its average volume of 2,957,510. Sempra has a 12-month low of $63.75 and a 12-month high of $83.68. The company’s 50 day simple moving average is $77.67 and its two-hundred day simple moving average is $74.22. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $51.29 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.78 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SRE shares. BMO Capital Markets reduced their target price on shares of Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company upped their price objective on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Barclays raised their target price on shares of Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Morgan Stanley boosted their price target on Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Mizuho raised their price objective on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.36.

Sempra 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.