Balyasny Asset Management L.P. Sells 235,871 Shares of Sempra (NYSE:SRE)

Balyasny Asset Management L.P. cut its position in Sempra (NYSE:SREFree Report) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 858,954 shares of the utilities provider’s stock after selling 235,871 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Sempra were worth $64,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SRE. Essex Investment Management Co. LLC raised its position in Sempra by 100.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 195 shares during the period. Wolverine Asset Management LLC boosted its holdings in Sempra by 100.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Spire Wealth Management grew its position in Sempra by 85.6% during the 3rd quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Sempra in the fourth quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Sempra by 195.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 277 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SRE. LADENBURG THALM/SH SH cut their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Wells Fargo & Company boosted their target price on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Morgan Stanley increased their price objective on shares of Sempra from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price target on shares of Sempra in a report on Wednesday, March 6th. Finally, StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Get Our Latest Report on Sempra

Sempra Trading Down 0.3 %

Shares of SRE stock opened at $75.08 on Tuesday. Sempra has a 1-year low of $63.75 and a 1-year 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 business’s fifty day moving average price is $73.54 and its 200 day moving average price is $72.76. The firm has a market capitalization of $47.31 billion, a PE ratio of 16.63, a P/E/G ratio of 2.62 and a beta of 0.74.

Sempra (NYSE:SREGet Free Report) last posted its 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 firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. The firm’s revenue for the quarter was down 44.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, sell-side analysts forecast that Sempra will post 4.8 EPS for the current fiscal year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.30%. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

Insider Activity

In other news, Director Richard J. Mark bought 1,925 shares of the stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the purchase, the director now owns 5,420 shares of the company’s stock, valued at $422,597.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.27% of the company’s stock.

Sempra Company Profile

(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.

See Also

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra (NYSE:SREFree Report).

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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