Axxcess Wealth Management LLC Buys 9,012 Shares of Sempra (NYSE:SRE)

Axxcess Wealth Management LLC grew its position in shares of Sempra (NYSE:SRE - Free Report) by 56.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,923 shares of the utilities provider's stock after acquiring an additional 9,012 shares during the quarter. Axxcess Wealth Management LLC's holdings in Sempra were worth $2,084,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Sempra in the 3rd quarter valued at approximately $28,000. Family Firm Inc. bought a new stake in Sempra in the 2nd quarter valued at $30,000. Hollencrest Capital Management raised its stake in Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 270 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Sempra in the 2nd quarter valued at $33,000. Finally, Financial Connections Group Inc. bought a new stake in Sempra in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Bank of America started coverage on Sempra in a research note on Thursday, September 12th. They issued a "buy" rating and a $94.00 price target on the stock. Wells Fargo & Company increased their price objective on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Barclays increased their price objective on Sempra from $87.00 to $89.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley increased their price objective on Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.00.

Sempra Price Performance

NYSE:SRE traded up $0.10 during trading hours on Tuesday, hitting $92.23. The company's stock had a trading volume of 3,402,985 shares, compared to its average volume of 2,896,997. The stock has a fifty day simple moving average of $83.80 and a 200-day simple moving average of $79.46. The company has a market capitalization of $58.42 billion, a P/E ratio of 20.29, a PEG ratio of 2.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.41. Sempra has a twelve month low of $66.40 and a twelve month high of $92.66.

Sempra (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business 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 quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. On average, analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra's dividend payout ratio (DPR) is presently 54.63%.

About Sempra

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.