ING Groep NV bought a new position in shares of Sempra (NYSE:SRE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 157,515 shares of the utilities provider's stock, valued at approximately $13,173,000.
Several other institutional investors have also bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Sempra by 6.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,840 shares of the utilities provider's stock worth $1,325,000 after purchasing an additional 1,001 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Sempra by 15.5% during the third quarter. Metis Global Partners LLC now owns 45,239 shares of the utilities provider's stock worth $3,783,000 after buying an additional 6,075 shares in the last quarter. Zions Bancorporation N.A. raised its stake in shares of Sempra by 23.2% in the third quarter. Zions Bancorporation N.A. now owns 8,972 shares of the utilities provider's stock valued at $750,000 after acquiring an additional 1,687 shares during the last quarter. KBC Group NV boosted its holdings in shares of Sempra by 4.8% in the 3rd quarter. KBC Group NV now owns 288,569 shares of the utilities provider's stock worth $24,133,000 after acquiring an additional 13,118 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its holdings in shares of Sempra by 15.3% in the 3rd quarter. Cable Hill Partners LLC now owns 3,887 shares of the utilities provider's stock worth $327,000 after acquiring an additional 515 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.
Analyst Upgrades and Downgrades
SRE has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They set a "buy" rating and a $94.00 price objective on the stock. Barclays boosted their target price on shares of Sempra from $87.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Finally, Evercore ISI boosted their target price on Sempra from $84.00 to $88.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.00.
View Our Latest Analysis on SRE
Sempra Trading Up 1.9 %
Shares of Sempra stock traded up $1.75 during trading hours on Friday, hitting $92.19. The company's stock had a trading volume of 3,050,145 shares, compared to its average volume of 2,903,094. Sempra has a 12 month low of $66.40 and a 12 month high of $93.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market capitalization of $58.39 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The stock has a 50 day moving average of $84.31 and a 200 day moving average of $79.77.
Sempra (NYSE:SRE - Get Free Report) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company's revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Analysts predict that Sempra will post 4.77 earnings per share for the current year.
Sempra Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra's dividend payout ratio is presently 54.63%.
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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