Trinity Legacy Partners LLC Buys 6,379 Shares of Sempra (NYSE:SRE)

Trinity Legacy Partners LLC raised its position in Sempra (NYSE:SRE - Free Report) by 13.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 52,474 shares of the utilities provider's stock after acquiring an additional 6,379 shares during the period. Trinity Legacy Partners LLC's holdings in Sempra were worth $4,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SRE. Eastern Bank bought a new position in Sempra in the 3rd quarter valued at about $28,000. Family Firm Inc. bought a new position in shares of Sempra in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Sempra in the second quarter valued at approximately $33,000. Financial Connections Group Inc. purchased a new position in shares of Sempra during the second quarter valued at approximately $34,000. Finally, SouthState Corp grew its holdings in Sempra by 900.0% during the second quarter. SouthState Corp now owns 470 shares of the utilities provider's stock worth $36,000 after buying an additional 423 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Stock Performance

Shares of NYSE SRE traded up $1.49 during trading on Friday, reaching $91.25. 3,730,571 shares of the stock traded hands, compared to its average volume of 2,895,625. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.41. The stock has a market capitalization of $57.77 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. Sempra has a 52-week low of $66.40 and a 52-week high of $91.88. The company has a 50-day moving average of $83.60 and a 200-day moving average of $79.21.

Sempra (NYSE:SRE - Get Free Report) last announced 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 $1.06 by ($0.17). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.01%. The company's revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a yield of 2.72%. Sempra's dividend payout ratio is 54.63%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SRE. Bank of America began coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a "buy" rating and a $94.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Wells Fargo & Company boosted their target price on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday. BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Barclays lifted their price target on Sempra from $87.00 to $89.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. One investment 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. Based on data from MarketBeat.com, Sempra currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

About Sempra

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.