Oppenheimer & Co. Inc. Buys 859 Shares of Sempra (NYSE:SRE)

Oppenheimer & Co. Inc. increased its stake in shares of Sempra (NYSE:SREFree Report) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,378 shares of the utilities provider’s stock after acquiring an additional 859 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sempra were worth $3,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Sempra by 101.8% during the 3rd quarter. Vanguard Group Inc. now owns 62,117,948 shares of the utilities provider’s stock worth $4,225,884,000 after purchasing an additional 31,334,782 shares during the last quarter. Norges Bank acquired a new position in Sempra during the fourth quarter worth $958,253,000. Wellington Management Group LLP raised its position in Sempra by 101.4% during the third quarter. Wellington Management Group LLP now owns 24,206,231 shares of the utilities provider’s stock worth $1,646,750,000 after acquiring an additional 12,184,568 shares in the last quarter. FMR LLC lifted its stake in Sempra by 147.0% in the third quarter. FMR LLC now owns 14,360,225 shares of the utilities provider’s stock valued at $976,926,000 after acquiring an additional 8,546,205 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Sempra by 109.0% in the 3rd quarter. Clearbridge Investments LLC now owns 12,154,272 shares of the utilities provider’s stock valued at $826,855,000 after acquiring an additional 6,338,545 shares during the period. Institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard J. Mark bought 1,925 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $77.97 per share, for a total transaction of $150,092.25. Following the transaction, the director now owns 5,420 shares in the company, valued at approximately $422,597.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Sempra Stock Down 0.9 %

SRE stock opened at $75.33 on Friday. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $78.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.64 and a beta of 0.74. The business’s fifty day moving average price is $73.47 and its two-hundred day moving average price is $72.75.

Sempra (NYSE:SREGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. Sempra’s revenue was down 44.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 earnings per share. On average, equities analysts anticipate that Sempra will post 4.8 earnings per share for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, June 27th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 27th. Sempra’s dividend payout ratio is currently 54.93%.

Analysts Set New Price Targets

SRE has been the subject of several recent analyst reports. LADENBURG THALM/SH SH cut their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley upped their price objective on Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Mizuho increased their price target on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Sempra in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.00.

Get 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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