CHICAGO TRUST Co NA Has $919,000 Position in Sempra (NYSE:SRE)

CHICAGO TRUST Co NA cut its position in shares of Sempra (NYSE:SRE) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,480 shares of the utilities provider’s stock after selling 452 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Sempra were worth $919,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Sempra by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after acquiring an additional 128,847 shares during the period. State Street Corp boosted its holdings in shares of Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares during the period. FMR LLC boosted its holdings in shares of Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after buying an additional 1,582,653 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Sempra by 6.9% during the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after buying an additional 874,133 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after buying an additional 145,873 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SRE shares. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Barclays boosted their price objective on shares of Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Finally, Wells Fargo & Company raised their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average target price of $91.60.

Sempra Stock Down 2.0 %

Shares of NYSE SRE traded down $1.60 during trading on Monday, hitting $77.13. The stock had a trading volume of 2,679,151 shares, compared to its average volume of 4,190,015. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. 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 company has a market capitalization of $48.85 billion, a PE ratio of 16.99, a PEG ratio of 2.45 and a beta of 0.78. The firm has a fifty day moving average of $89.01 and a two-hundred day moving average of $83.71.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business posted $1.08 earnings per share. The business’s revenue was down 16.7% compared to the same quarter last year. As a group, equities research analysts forecast that Sempra will post 4.76 EPS for the current fiscal year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a dividend yield of 3.22%. Sempra’s payout ratio is presently 54.63%.

Insider Buying and Selling

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 shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by insiders.

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.