Townsquare Capital LLC raised its stake in shares of Sempra (NYSE:SRE - Free Report) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,337 shares of the utilities provider's stock after purchasing an additional 9,758 shares during the quarter. Townsquare Capital LLC's holdings in Sempra were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in SRE. Eastern Bank bought a new position in Sempra in the 3rd quarter worth about $28,000. Family Firm Inc. purchased a new position in Sempra in the second quarter valued at about $30,000. Hollencrest Capital Management boosted its position 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 buying an additional 270 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Sempra in the second quarter valued at approximately $33,000. Finally, Financial Connections Group Inc. acquired a new position in Sempra in the 2nd quarter valued at $34,000. 89.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Sempra
In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the 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 completion of the transaction, the vice president now owns 11,190 shares of the company's stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.24% of the company's stock.
Sempra Trading Down 0.6 %
SRE traded down $0.61 during trading on Friday, hitting $93.67. 1,762,848 shares of the stock traded hands, compared to its average volume of 3,477,693. The firm has a market capitalization of $59.33 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The firm has a 50-day moving average of $86.75 and a 200 day moving average of $81.31. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77.
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 (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $3.54 billion. During the same period in the previous year, the business posted $1.08 EPS. The business's quarterly revenue was down 16.7% compared to the same quarter last year. Equities research analysts anticipate that Sempra will post 4.77 EPS for the current year.
Sempra Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra's payout ratio is 54.63%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on SRE shares. Wells Fargo & Company increased their target price on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group assumed coverage on Sempra in a research note on Thursday, October 24th. They set a "buy" rating and a $98.00 price target for the company. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They set a "buy" rating and a $94.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.00.
View Our Latest Stock Report on Sempra
About Sempra
(
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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