Free Trial

State Street Corp Increases Position in Sempra (NYSE:SRE)

Sempra logo with Utilities background

State Street Corp increased its position in shares of Sempra (NYSE:SRE - Free Report) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,940,620 shares of the utilities provider's stock after buying an additional 1,539,026 shares during the period. State Street Corp owned about 5.20% of Sempra worth $2,774,974,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Sempra by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 469,214 shares of the utilities provider's stock valued at $39,241,000 after purchasing an additional 20,771 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Sempra by 38.2% in the third quarter. Quantinno Capital Management LP now owns 30,593 shares of the utilities provider's stock valued at $2,559,000 after buying an additional 8,456 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Sempra by 55.6% in the third quarter. IHT Wealth Management LLC now owns 8,636 shares of the utilities provider's stock valued at $723,000 after buying an additional 3,085 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Sempra by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 51,844 shares of the utilities provider's stock valued at $4,336,000 after buying an additional 493 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in Sempra by 49.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 21,087 shares of the utilities provider's stock worth $1,764,000 after buying an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Stock Performance

Shares of SRE traded down $1.34 during mid-day trading on Friday, hitting $89.60. 3,265,220 shares of the company's stock were exchanged, compared to its average volume of 2,924,941. The firm has a market capitalization of $56.75 billion, a P/E ratio of 19.74, a P/E/G ratio of 2.52 and a beta of 0.77. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The business's 50 day moving average is $87.44 and its two-hundred day moving average is $81.66. 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 data 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 company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm's revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. On average, equities analysts expect that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 2.77%. Sempra's dividend payout ratio is currently 54.63%.

Insider Transactions at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now 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 the SEC website. Company insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SRE shares. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They issued a "buy" rating and a $94.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Barclays boosted their price objective on shares of Sempra from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 target price on the stock. Finally, Morgan Stanley upped their price objective 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.91.

View Our Latest Stock Analysis on SRE

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.

See Also

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

Should you invest $1,000 in Sempra right now?

Before you consider Sempra, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sempra wasn't on the list.

While Sempra currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines