Natixis Advisors LLC lifted its holdings in shares of Sempra (NYSE:SRE - Free Report) by 35.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 594,683 shares of the utilities provider's stock after purchasing an additional 156,397 shares during the period. Natixis Advisors LLC owned 0.09% of Sempra worth $49,733,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. TIAA Trust National Association boosted its position in shares of Sempra by 14.0% during the 1st quarter. TIAA Trust National Association now owns 5,053 shares of the utilities provider's stock worth $363,000 after purchasing an additional 621 shares in the last quarter. Patten & Patten Inc. TN grew its stake in Sempra by 12.3% in the first quarter. Patten & Patten Inc. TN now owns 3,876 shares of the utilities provider's stock valued at $278,000 after acquiring an additional 424 shares during the period. Edgestream Partners L.P. increased its holdings in shares of Sempra by 263.1% during the first quarter. Edgestream Partners L.P. now owns 11,623 shares of the utilities provider's stock valued at $835,000 after acquiring an additional 8,422 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of Sempra by 36.1% in the 1st quarter. Jacobi Capital Management LLC now owns 4,304 shares of the utilities provider's stock worth $309,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Rockport Wealth LLC acquired a new stake in Sempra in the 1st quarter valued at $430,000. Institutional investors own 89.65% of the company's stock.
Sempra Stock Performance
Shares of NYSE:SRE traded up $0.73 during mid-day trading on Monday, reaching $92.92. The company had a trading volume of 2,465,584 shares, compared to its average volume of 2,901,137. The company's 50-day moving average price is $84.52 and its 200-day moving average price is $80.02. Sempra has a one year low of $66.40 and a one year high of $93.21. The firm has a market cap of $58.86 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.53 and a beta of 0.75. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.
Sempra (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business's revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. As a group, equities research analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.
Sempra Announces Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.67%. Sempra's payout ratio is 54.63%.
Analyst Ratings Changes
SRE has been the topic of a number of recent research reports. 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 on the stock. BMO Capital Markets boosted their price objective on Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 target price on the stock. Morgan Stanley increased their price target on Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.00.
View Our Latest Stock Analysis on SRE
Sempra Company Profile
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Free Report)
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.
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