Chevy Chase Trust Holdings LLC Sells 6,418 Shares of Sempra (NYSE:SRE)

Chevy Chase Trust Holdings LLC reduced its holdings in shares of Sempra (NYSE:SRE - Free Report) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,466 shares of the utilities provider's stock after selling 6,418 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Sempra worth $28,390,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Eastern Bank bought a new position in Sempra during the third quarter valued at approximately $28,000. Family Firm Inc. bought a new position in shares of Sempra during the second quarter valued at approximately $30,000. Hollencrest Capital Management lifted its holdings in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock worth $32,000 after buying an additional 270 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Sempra in the 2nd quarter worth $33,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Sempra in the 2nd quarter worth approximately $34,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was 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 of the company's stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by company insiders.

Sempra Stock Performance

Shares of NYSE SRE traded up $0.48 during midday trading on Tuesday, hitting $92.58. The company's stock had a trading volume of 2,256,103 shares, compared to its average volume of 2,909,205. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The firm has a market cap of $58.64 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.57 and a beta of 0.77. The firm's fifty day moving average price is $86.75 and its 200-day moving average price is $81.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

Sempra (NYSE:SRE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business's revenue was down 16.7% compared to the same quarter last year. On average, sell-side analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, December 5th. Sempra's dividend payout ratio is 54.63%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SRE shares. Jefferies Financial Group assumed coverage on Sempra in a research note on Thursday, October 24th. They set a "buy" rating and a $98.00 price target on the stock. Wells Fargo & Company increased their target price on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Bank of America assumed coverage on shares of Sempra in a research report on Thursday, September 12th. They set a "buy" rating and a $94.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Morgan Stanley increased their price target on Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.91.

Sempra Company 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.