abrdn plc Has $28.72 Million Stock Position in Sempra (NYSE:SRE)

abrdn plc boosted its stake in Sempra (NYSE:SRE) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,840 shares of the utilities provider’s stock after acquiring an additional 25,054 shares during the quarter. abrdn plc owned 0.05% of Sempra worth $28,716,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SRE. FMR LLC lifted its position 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 acquiring an additional 1,582,653 shares in the last quarter. State Street Corp lifted its position in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. National Bank of Canada FI lifted its position in Sempra by 201.2% in the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock valued at $51,882,000 after acquiring an additional 414,406 shares in the last quarter. Unigestion Holding SA bought a new stake in Sempra in the 3rd quarter valued at $33,023,000. Finally, Bank of Montreal Can lifted its position in Sempra by 38.3% in 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 acquiring an additional 393,277 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

Insider Activity at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SRE shares. Wells Fargo & Company boosted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Barclays cut their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Finally, Evercore ISI boosted 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. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Stock Up 1.1 %

Shares of SRE stock opened at $82.30 on Thursday. 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 firm’s 50-day moving average is $86.12 and its 200-day moving average is $84.47. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.11 and a beta of 0.78. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77.

Sempra (NYSE:SRE) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. Sell-side analysts predict that Sempra will post 4.77 EPS for the current year.

About Sempra

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.