UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 26,635 Shares of Sempra (NYSE:SRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Sempra (NYSE:SRE - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,342,393 shares of the utilities provider's stock after selling 26,635 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Sempra worth $363,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SRE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sempra by 5.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 265,005 shares of the utilities provider's stock valued at $22,162,000 after buying an additional 12,779 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Sempra by 240.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 10,247 shares of the utilities provider's stock valued at $857,000 after purchasing an additional 7,240 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Sempra by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,393 shares of the utilities provider's stock valued at $3,462,000 after purchasing an additional 305 shares during the last quarter. Townsquare Capital LLC increased its position in Sempra by 45.2% during the 3rd quarter. Townsquare Capital LLC now owns 31,337 shares of the utilities provider's stock worth $2,621,000 after purchasing an additional 9,758 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Sempra by 1.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 881,364 shares of the utilities provider's stock worth $73,708,000 after purchasing an additional 13,077 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of Sempra from $87.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Bank of America began coverage on Sempra in a research report on Thursday, September 12th. They set a "buy" rating and a $94.00 price objective on the stock. Morgan Stanley increased 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. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They set a "buy" rating and a $98.00 price target on the stock. Finally, BMO Capital Markets upped their price objective on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Sempra currently has an average rating of "Moderate Buy" and a consensus price target of $89.00.

Insiders Place Their Bets

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 transaction, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

Sempra Trading Down 0.5 %

Sempra stock traded down $0.51 during mid-day trading on Friday, hitting $93.77. 1,762,828 shares of the stock were exchanged, compared to its average volume of 2,911,157. The firm's fifty day simple moving average is $86.75 and its two-hundred day simple moving average is $81.27. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The stock has a market capitalization of $59.39 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.59 and a beta of 0.75.

Sempra (NYSE:SRE - Get Free Report) last announced its earnings results 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 firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. Sempra's quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. Analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.64%. Sempra's dividend payout ratio is currently 54.63%.

Sempra Company Profile

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.