Avantax Advisory Services Inc. Boosts Stake in Sempra (NYSE:SRE)

Avantax Advisory Services Inc. lifted its position in Sempra (NYSE:SREFree Report) by 87.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,283 shares of the utilities provider’s stock after purchasing an additional 4,800 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Sempra were worth $700,000 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. Advisors Capital Management LLC boosted its position in shares of Sempra by 5.4% in the 3rd quarter. Advisors Capital Management LLC now owns 1,468 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 75 shares during the period. Core Alternative Capital boosted its position in shares of Sempra by 21.7% in the 2nd quarter. Core Alternative Capital now owns 432 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 77 shares during the period. Savant Capital LLC boosted its position in shares of Sempra by 3.2% in the 2nd quarter. Savant Capital LLC now owns 2,782 shares of the utilities provider’s stock valued at $405,000 after purchasing an additional 85 shares during the period. Plancorp LLC boosted its position in shares of Sempra by 4.7% in the 1st quarter. Plancorp LLC now owns 1,992 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 90 shares during the period. Finally, Summit X LLC boosted its position in shares of Sempra by 4.7% in the 2nd quarter. Summit X LLC now owns 2,108 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 95 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on SRE. Barclays upped their price objective on Sempra from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. StockNews.com downgraded Sempra from a “hold” rating to a “sell” rating in a research note on Saturday. LADENBURG THALM/SH SH began coverage on Sempra in a research note on Wednesday, January 3rd. They set a “buy” rating and a $81.50 price objective for the company. Mizuho reduced their price objective on Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Morgan Stanley reduced their price objective on Sempra from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.83.

Check Out Our Latest Stock Analysis on Sempra

Sempra Stock Performance

NYSE SRE opened at $69.67 on Friday. Sempra has a 1-year low of $63.75 and a 1-year high of $80.15. The company has a market capitalization of $43.84 billion, a P/E ratio of 16.11, a PEG ratio of 2.92 and a beta of 0.72. The business has a 50 day moving average price of $73.42 and a 200 day moving average price of $71.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.61 and a quick ratio of 0.55.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Wednesday, December 6th were paid a $0.595 dividend. This represents a $2.38 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Tuesday, December 5th. Sempra’s payout ratio is currently 55.03%.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 34,190 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.83, for a total value of $2,421,677.70. Following the completion of the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $141.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

Sempra Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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