CreativeOne Wealth LLC Buys Shares of 3,857 Sempra (NYSE:SRE)

CreativeOne Wealth LLC purchased a new position in shares of Sempra (NYSE:SRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,857 shares of the utilities provider’s stock, valued at approximately $288,000.

A number of other large investors have also made changes to their positions in the stock. 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 during the period. Essex Investment Management Co. LLC raised its holdings 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 last quarter. Wolverine Asset Management LLC boosted its position in Sempra by 100.0% during the third quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Spire Wealth Management grew its holdings in Sempra by 85.6% in the third quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Sempra in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Down 0.0 %

Sempra stock traded down $0.02 during midday trading on Friday, hitting $75.84. The stock had a trading volume of 1,870,848 shares, compared to its average volume of 3,359,791. The business has a fifty day moving average price of $72.40 and a 200 day moving average price of $72.44. Sempra has a 12 month low of $63.75 and a 12 month high of $78.83. The stock has a market cap of $48.00 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.62 and a beta of 0.70. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87.

Sempra (NYSE:SRE) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. Sempra’s revenue was down 44.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Research analysts predict that Sempra will post 4.82 EPS for the current year.

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, June 27th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, June 27th. Sempra’s dividend payout ratio (DPR) is 54.93%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SRE. Wells Fargo & Company raised their target price on shares of Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Morgan Stanley lifted their price objective on Sempra from $74.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a research report on Wednesday, March 6th. Mizuho lifted their price objective on Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, StockNews.com lowered shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra has an average rating of “Moderate Buy” and a consensus price target of $82.86.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Martin sold 50,703 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the completion of the transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at $141.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Richard J. Mark acquired 1,925 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the purchase, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey W. Martin sold 50,703 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the sale, the chief executive officer now directly owns 2 shares in the company, valued at approximately $141.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,432 shares of company stock worth $8,668,035. 0.24% of the stock is owned by company insiders.

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.