Public Sector Pension Investment Board Has $12.34 Million Stake in Sempra (NYSE:SRE)

Public Sector Pension Investment Board grew its holdings in shares of Sempra (NYSE:SRE) by 28.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,261 shares of the utilities provider’s stock after purchasing an additional 35,889 shares during the period. Public Sector Pension Investment Board’s holdings in Sempra were worth $12,342,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Sempra by 12.1% during the 4th quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock worth $2,026,969,000 after acquiring an additional 2,917,668 shares during the period. Nordea Investment Management AB raised its stake in Sempra by 5,279.4% in the first quarter. Nordea Investment Management AB now owns 1,583,816 shares of the utilities provider’s stock valued at $113,591,000 after purchasing an additional 1,554,374 shares in the last quarter. M&G Plc bought a new stake in Sempra during the first quarter worth about $64,994,000. Zimmer Partners LP grew its stake in Sempra by 96.9% during the first quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock worth $117,528,000 after buying an additional 805,084 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Sempra in the 1st quarter valued at about $42,630,000. 89.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SRE has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Evercore ISI raised their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays increased their target price on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. LADENBURG THALM/SH SH decreased their price target on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, BMO Capital Markets increased their price objective on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.00.

Sempra Price Performance

Shares of NYSE:SRE opened at $84.06 on Tuesday. The firm has a market cap of $52.97 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The firm’s fifty day moving average is $80.56 and its 200-day moving average is $76.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. Sempra has a 52 week low of $63.75 and a 52 week high of $84.29.

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

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.48 annualized dividend and a yield of 2.95%. Sempra’s payout ratio is 54.99%.

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.