Rosenberg Matthew Hamilton Buys 163 Shares of Sempra (NYSE:SRE)

Rosenberg Matthew Hamilton boosted its position in shares of Sempra (NYSE:SRE) by 4.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,031 shares of the utilities provider’s stock after purchasing an additional 163 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Sempra were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

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

Sempra Stock Performance

SRE traded up $0.32 on Thursday, hitting $83.87. 180,818 shares of the company traded hands, compared to its average volume of 2,839,365. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $83.09 and a 200-day moving average of $78.47. Sempra has a 12-month low of $66.40 and a 12-month high of $86.57. The stock has a market capitalization of $53.10 billion, a PE ratio of 17.85, a PEG ratio of 2.69 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 (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. Sell-side analysts anticipate that Sempra will post 4.78 earnings per share for the current year.

Sempra Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s dividend payout ratio is presently 52.99%.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. BMO Capital Markets upped their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Evercore ISI increased their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays increased their target price on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.55.

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.