Cambiar Investors LLC Has $46.76 Million Stock Holdings in Sempra (NYSE:SRE)

Cambiar Investors LLC lessened its position in Sempra (NYSE:SRE) by 24.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 533,075 shares of the utilities provider’s stock after selling 174,471 shares during the period. Sempra comprises approximately 1.9% of Cambiar Investors LLC’s holdings, making the stock its 21st biggest holding. Cambiar Investors LLC owned about 0.08% of Sempra worth $46,761,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after buying an additional 1,582,653 shares in the last quarter. State Street Corp lifted its position in Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares in the last quarter. National Bank of Canada FI lifted its position in Sempra by 201.2% during the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after buying an additional 414,406 shares in the last quarter. Unigestion Holding SA acquired a new position in Sempra during the 3rd quarter worth about $33,023,000. Finally, Bank of Montreal Can lifted its position in Sempra by 38.3% during the 3rd quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock valued at $118,219,000 after purchasing an additional 393,277 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of a number of research reports. Evercore ISI upped their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Barclays lowered their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Sempra Price Performance

NYSE SRE opened at $82.07 on Tuesday. The business has a 50 day simple moving average of $85.40 and a 200 day simple moving average of $84.55. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.09 and a beta of 0.78.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.