Sempra (NYSE:SRE) Shares Purchased by Keybank National Association OH

Keybank National Association OH increased its holdings in Sempra (NYSE:SRE - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,389 shares of the utilities provider's stock after acquiring an additional 5,721 shares during the quarter. Keybank National Association OH's holdings in Sempra were worth $3,982,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Crews Bank & Trust purchased a new stake in Sempra during the 4th quarter worth approximately $26,000. Synergy Investment Management LLC acquired a new stake in shares of Sempra during the fourth quarter worth approximately $29,000. Human Investing LLC bought a new stake in shares of Sempra in the fourth quarter worth $31,000. Hollencrest Capital Management raised its holdings in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 270 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the completion of the sale, the chief executive officer now owns 2 shares of the company's stock, valued at $165.88. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Cynthia J. Warner purchased 700 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $70.65 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the director now directly owns 8,759 shares in the company, valued at $618,823.35. This represents a 8.69 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.24% of the company's stock.

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Analyst Upgrades and Downgrades

SRE has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Sempra from $100.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. BMO Capital Markets decreased their price target on Sempra from $92.00 to $78.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. UBS Group cut Sempra from a "buy" rating to a "neutral" rating and cut their price objective for the company from $95.00 to $78.00 in a research note on Wednesday, February 26th. Barclays lowered Sempra from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $95.00 to $72.00 in a research report on Thursday, February 27th. Finally, Mizuho dropped their price target on Sempra from $92.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.50.

Sempra Stock Performance

NYSE SRE traded down $0.39 during trading hours on Friday, hitting $69.23. The company had a trading volume of 5,948,281 shares, compared to its average volume of 5,561,125. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The firm has a market cap of $45.10 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 2.19 and a beta of 0.76. Sempra has a fifty-two week low of $64.89 and a fifty-two week high of $95.77. The business has a fifty day simple moving average of $81.42 and a 200-day simple moving average of $84.42.

Sempra (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.03. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $4.73 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS. Equities analysts predict that Sempra will post 4.76 EPS for the current year.

Sempra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.645 per share. The ex-dividend date is Thursday, March 20th. This is an increase from Sempra's previous quarterly dividend of $0.62. This represents a $2.58 annualized dividend and a dividend yield of 3.73%. Sempra's payout ratio is currently 58.37%.

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.