Silvia Mccoll Wealth Management LLC Sells 1,702 Shares of Sempra (NYSE:SRE)

Silvia Mccoll Wealth Management LLC lowered its stake in Sempra (NYSE:SRE) by 15.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,150 shares of the utilities provider’s stock after selling 1,702 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Sempra were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SRE. Wellington Management Group LLP boosted its stake in Sempra by 0.4% during 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 purchasing an additional 128,847 shares during the last quarter. State Street Corp boosted its position in shares of Sempra by 4.9% during the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after buying an additional 1,539,026 shares during the last quarter. FMR LLC increased its holdings in Sempra by 9.1% in 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 in the last quarter. Clearbridge Investments LLC raised its position in Sempra by 6.9% in 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 last quarter. Finally, Geode Capital Management LLC raised its position in Sempra by 1.2% in 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 last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Trading Up 5.1 %

Shares of NYSE SRE traded up $4.01 during trading hours on Wednesday, hitting $82.12. 848,419 shares of the company traded hands, compared to its average volume of 4,762,212. The company’s 50 day moving average price is $88.85 and its 200 day moving average price is $83.73. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The stock has a market capitalization of $52.01 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.45 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Sempra (NYSE:SRE) last released 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 business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’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 earned $1.08 EPS. On average, equities research analysts anticipate that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.02%. Sempra’s dividend payout ratio is currently 54.63%.

Wall Street Analyst Weigh In

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

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

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.