OneAscent Financial Services LLC acquired a new stake in Sempra (NYSE:SRE – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,539 shares of the utilities provider’s stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Sempra in the third quarter worth about $3,559,000. OneAscent Wealth Management LLC bought a new stake in shares of Sempra in the 3rd quarter worth approximately $261,000. Nixon Peabody Trust Co. purchased a new position in shares of Sempra during the third quarter valued at approximately $208,000. Meeder Advisory Services Inc. raised its holdings in shares of Sempra by 6.4% during the third quarter. Meeder Advisory Services Inc. now owns 12,110 shares of the utilities provider’s stock valued at $1,013,000 after acquiring an additional 729 shares in the last quarter. Finally, Holistic Financial Partners purchased a new stake in Sempra in the third quarter worth $211,000. 89.65% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Evercore ISI boosted their price target on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company increased their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.00.
Sempra Stock Up 0.5 %
SRE stock opened at $93.37 on Wednesday. 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 of $84.94 and a 200 day moving average of $80.30. Sempra has a twelve month low of $66.40 and a twelve month high of $93.44. The firm has a market cap of $59.14 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75.
Sempra (NYSE:SRE – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the firm earned $1.08 EPS. Sempra’s revenue for the quarter was down 16.7% compared to the same quarter last year. On average, research analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.
Sempra Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s 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.
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