Carrera Capital Advisors Buys New Shares in Sempra (NYSE:SRE)

Carrera Capital Advisors acquired a new stake in Sempra (NYSE:SRE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,655 shares of the utilities provider's stock, valued at approximately $3,088,000. Sempra accounts for 0.8% of Carrera Capital Advisors' investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of the business. M&G Plc bought a new position in Sempra in the 1st quarter valued at about $64,994,000. Clearbridge Investments LLC lifted its position in Sempra by 6.9% in the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider's stock valued at $1,023,228,000 after acquiring an additional 874,133 shares in the last quarter. Zimmer Partners LP lifted its position in Sempra by 96.9% in the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider's stock valued at $117,528,000 after acquiring an additional 805,084 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Sempra in the 1st quarter worth approximately $42,630,000. Finally, Swedbank AB bought a new stake in shares of Sempra in the 1st quarter worth approximately $27,338,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Stock Performance

Shares of Sempra stock traded up $0.10 on Tuesday, hitting $92.23. 3,402,985 shares of the company's stock were exchanged, compared to its average volume of 2,896,997. The company has a 50-day simple moving average of $83.80 and a 200-day simple moving average of $79.46. The stock has a market capitalization of $58.42 billion, a PE ratio of 20.29, a PEG ratio of 2.91 and a beta of 0.75. Sempra has a 1 year low of $66.40 and a 1 year high of $92.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.52.

Sempra (NYSE:SRE - Get Free Report) last issued its quarterly earnings results 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). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The company's revenue was down 16.7% compared to the same quarter last year. As a group, equities analysts anticipate that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 is Thursday, December 5th. Sempra's dividend payout ratio (DPR) is 54.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SRE shares. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of 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 shares of Sempra in a research note on Thursday, September 12th. They issued a "buy" rating and a $94.00 price objective for the company. Morgan Stanley boosted their price target on shares of Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Finally, Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.00.

Sempra Profile

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.