Signaturefd LLC Grows Stock Holdings in Sempra (NYSE:SRE)

Signaturefd LLC grew its position in Sempra (NYSE:SRE) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,723 shares of the utilities provider’s stock after buying an additional 413 shares during the quarter. Signaturefd LLC’s holdings in Sempra were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Sempra in the 4th quarter valued at about $958,253,000. Wellington Management Group LLP grew its holdings in shares of Sempra by 12.1% in the fourth quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock valued at $2,026,969,000 after purchasing an additional 2,917,668 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Sempra by 5,279.4% in the first quarter. Nordea Investment Management AB now owns 1,583,816 shares of the utilities provider’s stock valued at $113,591,000 after purchasing an additional 1,554,374 shares in the last quarter. M&G Plc purchased a new stake in Sempra during the 1st quarter worth approximately $64,994,000. Finally, Zimmer Partners LP lifted its holdings in Sempra by 96.9% during the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock worth $117,528,000 after buying an additional 805,084 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity at Sempra

In related news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total transaction of $457,927.00. Following the transaction, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.24% of the company’s stock.

Sempra Stock Up 0.7 %

SRE stock opened at $82.18 on Friday. The company’s 50 day moving average is $78.20 and its two-hundred day moving average is $74.55. Sempra has a twelve month low of $63.75 and a twelve month high of $83.68. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The stock has a market cap of $51.79 billion, a P/E ratio of 18.22, a PEG ratio of 2.78 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

SRE has been the subject of several research reports. LADENBURG THALM/SH SH dropped their price target on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley boosted their target price on Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price target on Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. BMO Capital Markets lowered their price objective on Sempra from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, July 10th. Finally, Barclays upped their target price on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.36.

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.