Sumitomo Mitsui Trust Group Inc. grew its position in Sempra (NYSE:SRE - Free Report) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,445,967 shares of the utilities provider's stock after buying an additional 29,536 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Sempra worth $120,926,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC lifted its position in Sempra by 6.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,883 shares of the utilities provider's stock worth $910,000 after acquiring an additional 677 shares during the period. Ashton Thomas Securities LLC purchased a new position in Sempra during the 3rd quarter worth approximately $86,000. State of New Jersey Common Pension Fund D lifted its stake in Sempra by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 222,947 shares of the utilities provider's stock valued at $18,645,000 after acquiring an additional 2,740 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Sempra by 2.2% during the third quarter. Crossmark Global Holdings Inc. now owns 39,254 shares of the utilities provider's stock worth $3,283,000 after purchasing an additional 830 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC raised its holdings in shares of Sempra by 2.4% during the third quarter. Legacy Capital Wealth Partners LLC now owns 7,149 shares of the utilities provider's stock worth $598,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.
Sempra Trading Down 0.8 %
Sempra stock traded down $0.71 during trading on Thursday, reaching $91.48. 920,440 shares of the company were exchanged, compared to its average volume of 2,891,898. Sempra has a 52-week low of $66.40 and a 52-week high of $93.12. The company has a market capitalization of $57.94 billion, a P/E ratio of 20.31, a PEG ratio of 2.94 and a beta of 0.75. The stock's 50 day simple moving average is $84.17 and its two-hundred day simple moving average is $79.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.
Sempra (NYSE:SRE - Get Free Report) last released its quarterly earnings data 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 firm 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%. Sempra's revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, equities research analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.
Sempra Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, December 5th. Sempra's dividend payout ratio is presently 54.63%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Bank of America started coverage on shares of Sempra in a report on Thursday, September 12th. They set a "buy" rating and a $94.00 target price for the company. Evercore ISI raised their price target on shares of Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Finally, Morgan Stanley raised their target price on Sempra from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. One 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 company's stock. According to data from MarketBeat.com, Sempra currently has an average rating of "Moderate Buy" and a consensus price target of $89.00.
Check Out Our Latest Stock 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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