KBC Group NV Has $23.83 Million Stock Holdings in Sempra (NYSE:SRE)

KBC Group NV boosted its stake in Sempra (NYSE:SREFree Report) by 111.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,893 shares of the utilities provider’s stock after purchasing an additional 168,325 shares during the period. KBC Group NV’s holdings in Sempra were worth $23,831,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Monetary Management Group Inc. increased its holdings in Sempra by 100.0% in the 3rd quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in Sempra by 100.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock valued at $27,000 after buying an additional 195 shares during the last quarter. Wolverine Asset Management LLC boosted its position in Sempra by 100.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares during the period. Spire Wealth Management grew its holdings in Sempra by 85.6% during the 3rd quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Sempra in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Activity

In related news, Director Richard J. Mark purchased 1,925 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the acquisition, the director now owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard J. Mark acquired 1,925 shares of the business’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the acquisition, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the completion of the sale, the vice president now owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The disclosure for this sale can be found here. Insiders have sold 71,729 shares of company stock worth $5,072,179 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SRE shares. Wells Fargo & Company boosted their price objective on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. StockNews.com downgraded Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Mizuho upped their target price on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a report on Friday, May 17th. Barclays raised their price target on shares of Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.64.

Read Our Latest Analysis on SRE

Sempra Stock Down 0.6 %

Shares of SRE traded down $0.44 during trading hours on Monday, hitting $76.59. The stock had a trading volume of 664,462 shares, compared to its average volume of 3,028,019. Sempra has a 1-year low of $63.75 and a 1-year high of $78.83. The firm has a market capitalization of $48.47 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The firm has a 50 day simple moving average of $72.91 and a 200-day simple moving average of $72.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57.

Sempra (NYSE:SREGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). Sempra had a return on equity of 8.95% and a net margin of 20.99%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The business’s quarterly revenue was down 44.5% on a year-over-year basis. Sell-side analysts predict that Sempra will post 4.8 EPS for the current fiscal year.

Sempra Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, June 27th. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

Sempra Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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