Sempra (NYSE:SRE) Shares Sold by West Wealth Group LLC

West Wealth Group LLC trimmed its position in Sempra (NYSE:SRE) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,404 shares of the utilities provider’s stock after selling 820 shares during the period. West Wealth Group LLC’s holdings in Sempra were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SRE. Mariner Investment Group LLC acquired a new position in Sempra in the 4th quarter valued at $614,000. Webster Bank N. A. lifted its holdings in shares of Sempra by 4,183.3% during the 4th quarter. Webster Bank N. A. now owns 771 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 753 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Sempra by 3.1% in the fourth quarter. Cornerstone Wealth Group LLC now owns 40,877 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 1,243 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Sempra during the fourth quarter valued at approximately $29,880,000. Finally, Blue Trust Inc. grew its holdings in Sempra by 28.5% during the 4th quarter. Blue Trust Inc. now owns 8,165 shares of the utilities provider’s stock valued at $683,000 after purchasing an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SRE has been the topic of several research analyst reports. Barclays reduced their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI increased their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their target price 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 upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

Sempra Trading Down 0.0 %

Shares of SRE stock opened at $82.78 on Monday. The firm has a market capitalization of $52.43 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The firm’s fifty day simple moving average is $87.72 and its 200 day simple moving average is $84.22. 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 announced 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 return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a dividend of $0.62 per share. The ex-dividend date was Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 3.00%. Sempra’s dividend payout ratio is 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.