Mraz Amerine & Associates Inc. Has $258,000 Stake in Sempra (NYSE:SRE)

Mraz Amerine & Associates Inc. trimmed its holdings in Sempra (NYSE:SRE) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,089 shares of the utilities provider’s stock after selling 1,502 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Sempra were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SRE. Eastern Bank bought a new position in shares of Sempra during the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new position in shares of Sempra during the second quarter worth $30,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Sempra during the 2nd quarter valued at about $33,000. Financial Connections Group Inc. bought a new stake in shares of Sempra during the second quarter worth $34,000. Finally, SouthState Corp increased its holdings in Sempra by 900.0% during the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI boosted their price target on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group started coverage on Sempra in a research report on Thursday. They set a “buy” rating and a $98.00 price objective on the stock. Morgan Stanley increased their price target on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America began coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. Finally, Barclays increased their target price on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sempra has an average rating of “Moderate Buy” and an average target price of $87.55.

Sempra Trading Down 0.2 %

Shares of SRE 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 1 year low of $66.40 and a 1 year high of $86.57. The company has a 50 day simple moving average of $82.69 and a two-hundred day simple moving average of $77.97. The firm has a market cap of $54.31 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75.

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

Sempra Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.89%. Sempra’s dividend payout ratio is presently 52.99%.

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.