Eventide Asset Management LLC Purchases New Position in Sempra (NYSE:SRE) – Form 13F Filing Analysis
Are you interested in learning more about the recent activity surrounding Sempra (NYSE:SRE)? Eventide Asset Management LLC recently purchased a new position in the company during the fourth quarter, acquiring over 100,000 shares valued at approximately $8.4 million. This move is just one of many made by hedge funds and institutional investors, with Vanguard Group Inc., Wellington Management Group LLP, and FMR LLC all increasing their holdings in Sempra.
Despite this, Sempra’s stock has been trading down slightly, opening at $75.97 on Friday. The company recently reported quarterly earnings, with a slight miss on EPS but a strong return on equity and net margin. Analysts are projecting a positive EPS for the current fiscal year, and the company has announced a quarterly dividend to be paid in July.
Several brokerages have weighed in on Sempra, with price target upgrades and downgrades affecting the stock. Insider activity has also been noted, with Director Richard J. Mark purchasing shares in May. Sempra operates as an energy infrastructure company, providing electric and natural gas services in California and beyond.
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