Edgestream Partners L.P. Has $2.57 Million Stake in Sempra (NYSE:SRE)

Edgestream Partners L.P. reduced its position in Sempra (NYSE:SRE) by 26.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,678 shares of the utilities provider’s stock after selling 6,492 shares during the period. Edgestream Partners L.P.’s holdings in Sempra were worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in shares of Sempra by 6.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 63,594 shares of the utilities provider’s stock valued at $9,259,000 after buying an additional 3,753 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sempra by 6.1% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 899,948 shares of the utilities provider’s stock worth $131,023,000 after purchasing an additional 51,671 shares during the last quarter. Clarius Group LLC boosted its position in shares of Sempra by 13.0% in the 2nd quarter. Clarius Group LLC now owns 2,581 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 297 shares during the last quarter. Partners Group Holding AG boosted its position in shares of Sempra by 8.9% in the 2nd quarter. Partners Group Holding AG now owns 133,130 shares of the utilities provider’s stock worth $19,382,000 after purchasing an additional 10,884 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Sempra by 8.6% in the 2nd quarter. Cetera Advisors LLC now owns 7,050 shares of the utilities provider’s stock worth $1,026,000 after purchasing an additional 561 shares during the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SRE. Morgan Stanley reduced their price target on Sempra from $78.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 25th. UBS Group reduced their price target on Sempra from $95.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, October 4th. JPMorgan Chase & Co. reduced their price target on Sempra from $82.00 to $78.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 17th. Wells Fargo & Company reduced their price target on Sempra from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Finally, BMO Capital Markets reduced their price target on Sempra from $84.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, August 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.05.

Sempra Stock Performance

SRE stock opened at $72.43 on Tuesday. The business’s 50-day moving average price is $70.29 and its two-hundred day moving average price is $71.99. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.86. The firm has a market cap of $45.58 billion, a PE ratio of 16.75, a P/E/G ratio of 3.17 and a beta of 0.74. Sempra has a 1-year low of $63.75 and a 1-year high of $84.13.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.68 billion. Sempra had a return on equity of 9.88% and a net margin of 16.51%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, research analysts forecast that Sempra will post 4.6 earnings per share for the current year.

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Wednesday, December 6th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.29%. Sempra’s dividend payout ratio (DPR) is 55.03%.

Sempra Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.