Wedmont Private Capital Acquires 957 Shares of Sempra (NYSE:SRE)

Wedmont Private Capital raised its holdings in Sempra (NYSE:SREFree Report) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,703 shares of the utilities provider’s stock after buying an additional 957 shares during the quarter. Wedmont Private Capital’s holdings in Sempra were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PrairieView Partners LLC grew its holdings in shares of Sempra by 100.0% in the 3rd quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 188 shares during the last quarter. Optimum Investment Advisors lifted its position in Sempra by 100.0% during the 3rd quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Sempra by 119.9% during the 3rd quarter. Geneos Wealth Management Inc. now owns 398 shares of the utilities provider’s stock worth $27,000 after buying an additional 217 shares in the last quarter. Monetary Management Group Inc. lifted its position in Sempra by 100.0% during the 3rd quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in Sempra by 100.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after buying an additional 195 shares in the last quarter. Institutional investors own 84.83% of the company’s stock.

Sempra Price Performance

NYSE SRE opened at $70.60 on Tuesday. The business has a 50 day simple moving average of $71.48 and a 200 day simple moving average of $71.65. Sempra has a 52-week low of $63.75 and a 52-week high of $79.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.49 and a current ratio of 0.54. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.93 and a beta of 0.71.

Sempra (NYSE:SREGet Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. Analysts anticipate that Sempra will post 4.83 earnings per share for the current fiscal year.

Sempra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 21st will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, March 20th. This is an increase from Sempra’s previous quarterly dividend of $0.60. Sempra’s dividend payout ratio is presently 49.69%.

Insider Activity

In other news, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value of $4,063,936.89. Following the completion of the sale, the vice president now owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value of $4,063,936.89. Following the completion of the sale, the vice president now owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey W. Martin sold 34,190 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.83, for a total value of $2,421,677.70. Following the completion of the sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $141.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,622 shares of company stock valued at $11,089,713. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SRE has been the topic of a number of research reports. Barclays upped their target price on shares of Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of Sempra in a research report on Wednesday, March 6th. StockNews.com downgraded shares of Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. upgraded shares of Sempra from a “neutral” rating to an “overweight” rating and upped their target price for the company from $78.00 to $86.00 in a research report on Tuesday, December 12th. Finally, Morgan Stanley cut their price target on shares of Sempra from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Read Our Latest Analysis on Sempra

About Sempra

(Free Report)

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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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