Intact Investment Management Inc. Has $4.28 Million Stake in Sempra (NYSE:SRE)

Intact Investment Management Inc. lowered its holdings in shares of Sempra (NYSE:SRE) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,200 shares of the utilities provider’s stock after selling 20,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Sempra were worth $4,275,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Davies Financial Advisors Inc. bought a new stake in Sempra in the 2nd quarter valued at $210,000. Hantz Financial Services Inc. acquired a new position in shares of Sempra during the second quarter worth about $10,321,000. International Assets Investment Management LLC bought a new position in shares of Sempra during the second quarter worth about $49,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Sempra by 6.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 76,300 shares of the utilities provider’s stock valued at $5,803,000 after buying an additional 4,450 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in Sempra by 59.1% in the 2nd quarter. iA Global Asset Management Inc. now owns 11,112 shares of the utilities provider’s stock valued at $845,000 after acquiring an additional 4,128 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, July 10th. Mizuho boosted their price target on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Barclays increased their price target on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report 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, August 23rd. Finally, LADENBURG THALM/SH SH cut their price objective on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.36.

Sempra Stock Performance

Sempra stock traded up $0.56 during mid-day trading on Friday, hitting $82.18. 3,181,664 shares of the company’s stock traded hands, compared to its average volume of 2,940,226. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The firm has a 50 day simple moving average of $78.33 and a two-hundred day simple moving average of $74.63. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $83.68. The stock has a market cap of $51.79 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.78 and a beta of 0.74.

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

Insider Buying and Selling at Sempra

In other Sempra news, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the sale, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

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.