Sempra (NYSE:SRE) Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in Sempra (NYSE:SRE) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,714 shares of the utilities provider’s stock after acquiring an additional 23,970 shares during the period. Sanctuary Advisors LLC’s holdings in Sempra were worth $15,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in shares of Sempra by 6.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,708 shares of the utilities provider’s stock worth $510,000 after acquiring an additional 399 shares in the last quarter. Diversified Trust Co acquired a new position in Sempra during the second quarter valued at approximately $428,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Sempra by 10.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock valued at $10,315,000 after purchasing an additional 12,346 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of Sempra by 29.3% in the second quarter. Great Valley Advisor Group Inc. now owns 4,542 shares of the utilities provider’s stock worth $345,000 after buying an additional 1,029 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Sempra during the 2nd quarter worth $180,000. Institutional investors own 89.65% of the company’s stock.

Sempra Trading Up 0.6 %

Shares of Sempra stock opened at $87.93 on Friday. The company’s fifty day moving average price is $87.95 and its two-hundred day moving average price is $82.06. The firm has a market capitalization of $55.69 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Sempra (NYSE:SRE) 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). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates 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 period last year, the company earned $1.08 EPS. On average, analysts expect that Sempra will post 4.76 EPS for the current year.

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI lifted their price objective on Sempra from $84.00 to $88.00 and gave the stock 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 set a “buy” rating and a $98.00 target price for the company. Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price target on the stock. Finally, BMO Capital Markets boosted 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Sempra has a consensus rating of “Moderate Buy” and an average price target of $90.30.

Insider Buying and Selling at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’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. This trade represents a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.