Tritonpoint Wealth LLC acquired a new position in Sempra (NYSE:SRE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,004 shares of the utilities provider's stock, valued at approximately $615,000.
Several other large investors have also made changes to their positions in SRE. Unigestion Holding SA acquired a new position in Sempra in the third quarter valued at about $33,023,000. Geneos Wealth Management Inc. grew its position in Sempra by 633.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider's stock worth $2,624,000 after acquiring an additional 25,838 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sempra by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider's stock valued at $286,695,000 after purchasing an additional 278,183 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Sempra by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider's stock valued at $29,865,000 after purchasing an additional 6,709 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Sempra in the third quarter worth $675,000. Institutional investors and hedge funds own 89.65% of the company's stock.
A number of brokerages have recently weighed in on SRE. Evercore ISI raised their target price on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley upgraded Sempra from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Barclays reduced their target price on Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They issued a "buy" rating and a $98.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.20.
View Our Latest Analysis on SRE
NYSE SRE opened at $82.87 on Monday. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $86.60 and a 200-day moving average of $84.37. The company has a market cap of $52.49 billion, a PE ratio of 18.25, a PEG ratio of 2.08 and a beta of 0.78.
Sempra (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business's revenue was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. On average, equities research analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra's dividend payout ratio (DPR) is presently 54.63%.
In related news, VP Trevor I. Mihalik sold 23,713 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares of the company's stock, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.
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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