Sempra (NYSE:SRE) Position Lowered by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its position in Sempra (NYSE:SRE) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,166 shares of the utilities provider’s stock after selling 1,550 shares during the quarter. KCM Investment Advisors LLC’s holdings in Sempra were worth $2,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in shares of Sempra during the first quarter worth about $2,293,000. Dai ichi Life Insurance Company Ltd lifted its stake in shares of Sempra by 319.5% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after acquiring an additional 150,000 shares during the period. Intech Investment Management LLC increased its stake in shares of Sempra by 40.8% during the first quarter. Intech Investment Management LLC now owns 43,050 shares of the utilities provider’s stock valued at $3,092,000 after acquiring an additional 12,468 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Sempra by 10.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock worth $10,315,000 after purchasing an additional 12,346 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in Sempra by 171.6% during the 1st quarter. CreativeOne Wealth LLC now owns 10,477 shares of the utilities provider’s stock valued at $753,000 after purchasing an additional 6,620 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Performance

Shares of SRE stock opened at $92.19 on Friday. The firm has a market cap of $58.39 billion, a P/E ratio of 20.31, a PEG ratio of 2.53 and a beta of 0.75. 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 has a fifty-two week low of $66.40 and a fifty-two week high of $93.12. The stock’s 50-day moving average is $84.52 and its two-hundred day moving average is $79.91.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the business posted $1.08 EPS. Sempra’s revenue was down 16.7% compared to the same quarter last year. Analysts predict that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. BMO Capital Markets lifted their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Evercore ISI raised 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. Bank of America began coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price on the stock. Finally, Morgan Stanley increased their price target on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Sempra has an average rating of “Moderate Buy” and a consensus price target of $89.00.

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.