CIBC Asset Management Inc Has $9.69 Million Position in Sempra (NYSE:SRE)

CIBC Asset Management Inc grew its stake in shares of Sempra (NYSE:SRE) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 110,423 shares of the utilities provider’s stock after buying an additional 2,623 shares during the period. CIBC Asset Management Inc’s holdings in Sempra were worth $9,686,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of Sempra during the fourth quarter valued at about $26,000. Eastern Bank acquired a new position in shares of Sempra during the third quarter valued at about $28,000. Human Investing LLC acquired a new position in shares of Sempra during the fourth quarter valued at about $31,000. Hollencrest Capital Management raised its position in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 270 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its position in Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the subject of several recent research reports. Evercore ISI increased their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. Barclays lowered their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.6 %

Sempra stock opened at $84.59 on Wednesday. The company’s 50 day simple moving average is $84.51 and its 200 day simple moving average is $84.72. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The firm has a market capitalization of $53.58 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.09 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.

Insider Buying and Selling

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now directly owns 13,905 shares in the company, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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.