CreativeOne Wealth LLC Has $857,000 Position in Sempra (NYSE:SRE)

CreativeOne Wealth LLC lifted its position in shares of Sempra (NYSE:SRE - Free Report) by 240.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,247 shares of the utilities provider's stock after acquiring an additional 7,240 shares during the period. CreativeOne Wealth LLC's holdings in Sempra were worth $857,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Sempra by 9.1% in the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider's stock valued at $1,587,181,000 after acquiring an additional 1,582,653 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Sempra by 6.9% in the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider's stock worth $1,023,228,000 after purchasing an additional 874,133 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Sempra by 3.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,335,339 shares of the utilities provider's stock valued at $362,564,000 after purchasing an additional 125,833 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sempra by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,625,473 shares of the utilities provider's stock worth $303,198,000 after buying an additional 48,512 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Sempra by 2.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider's stock worth $182,158,000 after buying an additional 48,592 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company's stock.

Sempra Price Performance

NYSE SRE traded down $0.61 on Friday, reaching $93.67. The company's stock had a trading volume of 1,762,848 shares, compared to its average volume of 3,477,693. The firm's 50 day moving average is $86.75 and its two-hundred day moving average is $81.31. The stock has a market cap of $59.33 billion, a PE ratio of 20.63, a PEG ratio of 2.57 and a beta of 0.75. 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 has a twelve month low of $66.40 and a twelve month high of $95.77.

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

Sempra Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.65%. Sempra's dividend payout ratio is currently 54.63%.

Analyst Ratings Changes

SRE has been the subject of several analyst reports. Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. BMO Capital Markets upped their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Morgan Stanley raised their price target on shares of Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. 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, Sempra has an average rating of "Moderate Buy" and a consensus 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.