Nordea Investment Management AB Has $68.13 Million Holdings in Sempra (NYSE:SRE)

Nordea Investment Management AB reduced its position in Sempra (NYSE:SRE - Free Report) by 31.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 777,113 shares of the utilities provider's stock after selling 359,514 shares during the quarter. Nordea Investment Management AB owned about 0.12% of Sempra worth $68,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Sempra by 9.1% in the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider's stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares in the last quarter. State Street Corp boosted its position in shares of Sempra by 4.9% in the third 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 during the period. Clearbridge Investments LLC grew its stake in shares of Sempra by 6.9% in the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider's stock valued at $1,023,228,000 after buying an additional 874,133 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Sempra by 201.2% in the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider's stock valued at $51,882,000 after buying an additional 414,406 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in shares of Sempra during the 3rd quarter valued at about $33,023,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Insider Buying and Selling at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated 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 sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

Sempra Stock Performance

SRE traded down $1.44 on Wednesday, hitting $82.79. The company had a trading volume of 6,214,444 shares, compared to its average volume of 3,744,073. The stock has a market cap of $52.44 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company's fifty day moving average price is $89.09 and its 200 day moving average price is $83.59. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77.

Sempra (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company's revenue for the quarter was down 16.7% on a year-over-year basis. Equities analysts predict that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra's dividend payout ratio is 54.63%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SRE shares. Barclays upped their target price on shares of Sempra from $89.00 to $99.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Morgan Stanley raised shares of Sempra from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Jefferies Financial Group assumed coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 target price on the stock. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.60.

Sempra Company 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.