Tokio Marine Asset Management Co. Ltd. Has $985,000 Stock Holdings in Sempra (NYSE:SRE)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Sempra (NYSE:SRE) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,175 shares of the utilities provider’s stock after acquiring an additional 1,147 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Sempra were worth $985,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Sempra in the fourth quarter valued at about $28,000. PrairieView Partners LLC lifted its stake in Sempra by 100.0% in the third quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock valued at $25,000 after buying an additional 188 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Sempra by 100.0% during the third quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 195 shares during the period. Monetary Management Group Inc. raised its position in shares of Sempra by 100.0% during the third quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares during the period. Finally, Wolverine Asset Management LLC raised its position in shares of Sempra by 100.0% during the third quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Down 0.9 %

SRE stock opened at $71.32 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $70.55 and a two-hundred day moving average price of $71.68. The company has a market cap of $45.08 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 2.49 and a beta of 0.71. Sempra has a twelve month low of $63.75 and a twelve month high of $79.30.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $4.01 billion. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Analysts anticipate that Sempra will post 4.82 EPS for the current fiscal year.

Sempra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 21st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.48%. This is an increase from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date was Wednesday, March 20th. Sempra’s dividend payout ratio (DPR) is currently 51.77%.

Insider Buying and Selling at Sempra

In other news, EVP Justin Christopher Bird sold 5,063 shares of Sempra stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.22, for a total transaction of $360,586.86. Following the completion of the transaction, the executive vice president now directly owns 19,712 shares in the company, valued at approximately $1,403,888.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Trevor I. Mihalik sold 57,571 shares of Sempra stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the completion of the transaction, the vice president now directly owns 10,922 shares in the company, valued at approximately $770,983.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Justin Christopher Bird sold 5,063 shares of Sempra stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.22, for a total value of $360,586.86. Following the transaction, the executive vice president now owns 19,712 shares of the company’s stock, valued at $1,403,888.64. The disclosure for this sale can be found here. Insiders sold a total of 122,432 shares of company stock worth $8,668,035 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on SRE. Barclays raised their price target on Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Mizuho dropped their price target on Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Morgan Stanley raised their price target on Sempra from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Sempra in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Sempra has an average rating of “Moderate Buy” and a consensus target price of $82.14.

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.