Apollon Wealth Management LLC Acquires 677 Shares of Sempra (NYSE:SRE)

Apollon Wealth Management LLC increased its position in shares of Sempra (NYSE:SRE) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,883 shares of the utilities provider’s stock after acquiring an additional 677 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sempra were worth $910,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Perennial Investment Advisors LLC lifted its stake in shares of Sempra by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 134 shares during the period. Transcend Capital Advisors LLC lifted its stake in shares of Sempra by 2.8% during the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 136 shares during the period. Marcum Wealth LLC lifted its stake in shares of Sempra by 3.5% during the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 137 shares during the period. Private Advisor Group LLC lifted its stake in shares of Sempra by 1.6% during the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after acquiring an additional 139 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of Sempra by 4.0% during the second quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Up 1.9 %

SRE stock opened at $92.19 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $84.31 and a two-hundred day moving average price of $79.77. The company has a market cap of $58.39 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 2.53 and a beta of 0.75. Sempra has a twelve month low of $66.40 and a twelve month high of $93.12.

Sempra (NYSE:SRE) last posted its quarterly 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 company 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 8.06%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. Analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 2.69%. Sempra’s dividend payout ratio is currently 54.63%.

Analyst Upgrades and Downgrades

SRE has been the topic of several analyst reports. BMO Capital Markets increased 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. Barclays increased their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Finally, Bank of America started coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra 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.