Howland Capital Management LLC Acquires New Position in Sempra (NYSE:SRE)

Howland Capital Management LLC bought a new stake in shares of Sempra (NYSE:SREFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,880 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other institutional investors also recently made changes to their positions in SRE. PrairieView Partners LLC raised its stake in Sempra by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Optimum Investment Advisors grew its position in Sempra by 100.0% during the third quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Sempra by 119.9% during the third quarter. Geneos Wealth Management Inc. now owns 398 shares of the utilities provider’s stock worth $27,000 after buying an additional 217 shares in the last quarter. Monetary Management Group Inc. grew its position in Sempra by 100.0% during the third quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in Sempra by 100.0% during the third quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 195 shares during the period. 89.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 57,571 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the sale, the vice president now directly owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Trevor I. Mihalik sold 57,571 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total value of $4,063,936.89. Following the sale, the vice president now directly owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Diana L. Day sold 3,937 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $71.21, for a total transaction of $280,353.77. Following the completion of the transaction, the insider now owns 18,145 shares in the company, valued at approximately $1,292,105.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,622 shares of company stock valued at $11,089,713. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SRE shares. BMO Capital Markets upgraded shares of Sempra from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $76.00 to $84.00 in a research note on Thursday, January 11th. Mizuho cut their price target on shares of Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Sempra in a research note on Wednesday, March 6th. Finally, Morgan Stanley lifted their target price on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Get Our Latest Stock Report on Sempra

Sempra Trading Down 0.5 %

SRE stock traded down $0.35 during trading on Wednesday, hitting $71.45. The company had a trading volume of 418,127 shares, compared to its average volume of 2,850,304. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $70.71 and a 200-day moving average price of $71.63. Sempra has a 12 month low of $63.75 and a 12 month high of $79.51. The stock has a market cap of $45.17 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.99 and a beta of 0.71.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, analysts predict that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 21st will be paid a $0.62 dividend. The ex-dividend date is Wednesday, March 20th. This is a positive change from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 3.47%. Sempra’s dividend payout ratio is presently 51.77%.

About Sempra

(Free Report)

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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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