Dimensional Fund Advisors LP grew its stake in shares of Sempra (NYSE:SRE - Free Report) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,757,553 shares of the utilities provider's stock after acquiring an additional 289,731 shares during the period. Dimensional Fund Advisors LP owned about 0.28% of Sempra worth $133,679,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. bought a new stake in shares of Sempra during the 2nd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sempra during the 2nd quarter valued at about $33,000. Financial Connections Group Inc. bought a new stake in shares of Sempra during the 2nd quarter valued at about $34,000. SouthState Corp grew its position in shares of Sempra by 900.0% during the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider's stock valued at $36,000 after buying an additional 423 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Sempra during the 2nd quarter valued at about $39,000. 89.65% of the stock is owned by institutional investors and hedge funds.
Sempra Price Performance
SRE stock traded up $0.67 on Friday, hitting $83.18. 4,640,460 shares of the company's stock traded hands, compared to its average volume of 2,899,441. Sempra has a 1-year low of $63.75 and a 1-year high of $84.29. The stock has a market cap of $52.42 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 2.65 and a beta of 0.75. The stock has a fifty day moving average of $80.40 and a 200-day moving average of $75.96. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.
Sempra (NYSE:SRE - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm's revenue was down 9.7% compared to the same quarter last year. On average, analysts forecast that Sempra will post 4.79 EPS for the current fiscal year.
Sempra Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.98%. Sempra's dividend payout ratio is currently 54.99%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Sempra from $77.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, August 23rd. LADENBURG THALM/SH SH reduced their target price on shares of Sempra from $81.50 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, May 29th. BMO Capital Markets boosted their target price on shares of Sempra from $90.00 to $93.00 and gave the company an "outperform" rating in a research note on Thursday, September 12th. Bank of America started coverage on shares of Sempra in a research note on Thursday, September 12th. They set a "buy" rating and a $94.00 target price for the company. Finally, Evercore ISI boosted their target price on shares of Sempra from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.00.
Read Our Latest Report on Sempra
Sempra Profile
(
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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