Compagnie Lombard Odier SCmA Has $46.50 Million Stock Holdings in Sempra (NYSE:SRE)

Compagnie Lombard Odier SCmA cut its position in shares of Sempra (NYSE:SRE - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 651,630 shares of the utilities provider's stock after selling 89,019 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.10% of Sempra worth $46,500,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Sempra during the fourth quarter valued at approximately $1,535,000,000. Wellington Management Group LLP raised its holdings in shares of Sempra by 11.9% in the fourth quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider's stock worth $3,369,076,000 after buying an additional 4,082,261 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Sempra by 70.6% in the fourth quarter. Invesco Ltd. now owns 6,666,240 shares of the utilities provider's stock worth $584,763,000 after buying an additional 2,758,037 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Sempra by 71.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,651,923 shares of the utilities provider's stock worth $408,069,000 after buying an additional 1,936,865 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Sempra by 8.0% during the fourth quarter. FMR LLC now owns 20,489,918 shares of the utilities provider's stock worth $1,797,376,000 after purchasing an additional 1,511,313 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SRE shares. Argus cut shares of Sempra from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. BMO Capital Markets lifted their target price on shares of Sempra from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. The Goldman Sachs Group lowered shares of Sempra from a "buy" rating to a "neutral" rating and dropped their target price for the company from $99.00 to $76.00 in a research report on Wednesday, February 26th. UBS Group lowered shares of Sempra from a "buy" rating to a "neutral" rating and dropped their target price for the company from $95.00 to $78.00 in a research report on Wednesday, February 26th. Finally, Morgan Stanley set a $87.00 target price on shares of Sempra and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $80.75.

Sempra Stock Performance

Sempra stock traded up $0.14 during mid-day trading on Thursday, reaching $76.12. The company's stock had a trading volume of 2,698,194 shares, compared to its average volume of 3,786,363. The firm has a market cap of $49.62 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.19 and a beta of 0.64. The business has a 50 day moving average price of $74.07 and a 200-day moving average price of $78.72. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $61.90 and a twelve month high of $95.77.

Sempra (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.12. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Sempra will post 4.76 EPS for the current fiscal year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, June 26th will be paid a $0.645 dividend. The ex-dividend date is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.39%. Sempra's payout ratio is 56.70%.

Insider Activity at Sempra

In other news, Director Pablo Ferrero purchased 2,600 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $70.96 per share, for a total transaction of $184,496.00. Following the completion of the acquisition, the director now directly owns 15,649 shares in the company, valued at approximately $1,110,453.04. The trade was a 19.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Diana L. Day sold 8,015 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total value of $595,193.90. Following the completion of the transaction, the insider now owns 16,969 shares in the company, valued at approximately $1,260,117.94. This represents a 32.08% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

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.