MGO One Seven LLC Has $1.35 Million Stock Holdings in Sempra (NYSE:SRE)

MGO One Seven LLC increased its holdings in shares of Sempra (NYSE:SRE - Free Report) by 174.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,368 shares of the utilities provider's stock after buying an additional 9,772 shares during the quarter. MGO One Seven LLC's holdings in Sempra were worth $1,348,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of Sempra by 5.4% during the fourth quarter. Lindbrook Capital LLC now owns 2,410 shares of the utilities provider's stock worth $211,000 after purchasing an additional 124 shares during the period. Pinnacle West Asset Management Inc. boosted its holdings in shares of Sempra by 5.1% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,585 shares of the utilities provider's stock valued at $227,000 after buying an additional 125 shares during the period. Legacy Financial Advisors Inc. raised its holdings in shares of Sempra by 5.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider's stock worth $232,000 after acquiring an additional 126 shares during the period. Avantax Planning Partners Inc. lifted its position in Sempra by 2.0% in the 4th quarter. Avantax Planning Partners Inc. now owns 7,423 shares of the utilities provider's stock valued at $651,000 after acquiring an additional 147 shares in the last quarter. Finally, LVM Capital Management Ltd. MI lifted its position in Sempra by 2.4% in the 4th quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider's stock valued at $586,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent research reports. Morgan Stanley set a $89.00 price target on Sempra and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group cut their target price on Sempra from $77.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Mizuho decreased their price target on shares of Sempra from $92.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Citigroup lowered their price objective on shares of Sempra from $93.00 to $70.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Argus cut shares of Sempra from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.54.

Insiders Place Their Bets

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now owns 2 shares in the company, valued at $165.88. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares of the company's stock, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 9,319 shares of company stock worth $651,676 and have sold 57,309 shares worth $4,694,019. Company insiders own 0.27% of the company's stock.

Sempra Stock Performance

Sempra stock traded up $0.95 during midday trading on Monday, reaching $75.63. 4,817,803 shares of the company's stock were exchanged, compared to its average volume of 3,726,377. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The stock's 50-day simple moving average is $71.13 and its 200 day simple moving average is $81.09. The firm has a market cap of $49.30 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 2.19 and a beta of 0.65. Sempra has a 52 week low of $61.90 and a 52 week high of $95.77.

Sempra (NYSE:SRE - Get Free Report) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.47 by $0.03. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the company posted $1.13 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts expect that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 20th were issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 3.41%. This is a positive change from Sempra's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, March 20th. Sempra's dividend payout ratio is currently 58.37%.

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.