Swiss National Bank raised its position in shares of Sempra (NYSE:SRE - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,878,400 shares of the utilities provider's stock after acquiring an additional 6,700 shares during the quarter. Swiss National Bank owned approximately 0.30% of Sempra worth $157,091,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SRE. TIAA Trust National Association lifted its holdings in shares of Sempra by 14.0% during the first quarter. TIAA Trust National Association now owns 5,053 shares of the utilities provider's stock valued at $363,000 after purchasing an additional 621 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of Sempra by 12.3% during the first quarter. Patten & Patten Inc. TN now owns 3,876 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 424 shares during the last quarter. Edgestream Partners L.P. lifted 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 purchasing an additional 8,422 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of Sempra by 36.1% during the first quarter. Jacobi Capital Management LLC now owns 4,304 shares of the utilities provider's stock valued at $309,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Rockport Wealth LLC purchased a new position in shares of Sempra during the first quarter valued at approximately $430,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on SRE shares. Morgan Stanley boosted their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Wells Fargo & Company upped their price objective on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Evercore ISI upped their price objective on 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 began coverage on Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective on the stock. Finally, Barclays upped their price objective on Sempra from $87.00 to $89.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. One equities 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.00.
View Our Latest Stock Report on Sempra
Sempra Price Performance
SRE stock traded up $0.73 during trading on Monday, reaching $92.92. The company's stock had a trading volume of 2,465,584 shares, compared to its average volume of 2,901,137. Sempra has a 1 year low of $66.40 and a 1 year high of $93.21. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $58.86 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The company's fifty day moving average is $84.52 and its 200-day moving average is $80.02.
Sempra (NYSE:SRE - Get Free Report) last issued its quarterly earnings results 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 quarter in the previous year, the company posted $1.08 EPS. The company's quarterly revenue was down 16.7% on a year-over-year basis. On average, research analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.
Sempra Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.62 per share. The ex-dividend date 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%.
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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