Sempra (NYSE:SRE) Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its stake in Sempra (NYSE:SRE) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,029 shares of the utilities provider’s stock after acquiring an additional 306 shares during the period. Signaturefd LLC’s holdings in Sempra were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new position in shares of Sempra in the second quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new position in Sempra in the 2nd quarter valued at $33,000. Financial Connections Group Inc. purchased a new position in Sempra during the 2nd quarter worth $34,000. SouthState Corp lifted its stake in shares of Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Sempra in the second quarter valued at about $39,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group initiated coverage on Sempra in a report on Thursday. They issued a “buy” rating and a $98.00 price target for the company. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. Evercore ISI raised their target price on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.55.

Sempra Stock Down 0.2 %

SRE stock opened at $85.77 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a 12 month low of $66.40 and a 12 month high of $86.57. The firm has a market capitalization of $54.31 billion, a PE ratio of 18.33, a P/E/G ratio of 2.70 and a beta of 0.75. The company’s 50 day simple moving average is $82.69 and its 200-day simple moving average is $77.97.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the company earned $0.94 EPS. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities analysts expect that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.62 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.89%. Sempra’s payout ratio is 52.99%.

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.