Silvia Mccoll Wealth Management LLC Sells 1,260 Shares of Sempra (NYSE:SRE)

Silvia Mccoll Wealth Management LLC trimmed its stake in Sempra (NYSE:SRE) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,041 shares of the utilities provider’s stock after selling 1,260 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Sempra were worth $915,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SRE. Crestline Management LP grew its holdings in shares of Sempra by 14.0% during the fourth quarter. Crestline Management LP now owns 119,174 shares of the utilities provider’s stock worth $8,906,000 after purchasing an additional 14,674 shares during the last quarter. Ausbil Investment Management Ltd boosted its holdings in Sempra by 13.5% in the fourth quarter. Ausbil Investment Management Ltd now owns 172,129 shares of the utilities provider’s stock valued at $12,863,000 after acquiring an additional 20,469 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in Sempra by 932.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 43,848 shares of the utilities provider’s stock valued at $3,277,000 after acquiring an additional 39,600 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Sempra in the fourth quarter valued at about $9,715,000. Finally, D.A. Davidson & CO. boosted its holdings in Sempra by 14.4% in the fourth quarter. D.A. Davidson & CO. now owns 41,202 shares of the utilities provider’s stock valued at $3,079,000 after acquiring an additional 5,197 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SRE. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Sempra in a research note on Wednesday, March 6th. Mizuho increased their target price on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Wells Fargo & Company increased their target price on Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Morgan Stanley cut their target price on Sempra from $79.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Barclays increased their target price on Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.10.

Sempra Stock Performance

Shares of SRE stock traded down $1.09 during trading on Monday, reaching $74.97. 2,774,065 shares of the company’s stock were exchanged, compared to its average volume of 3,029,993. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $47.24 billion, a PE ratio of 16.66, a PEG ratio of 2.64 and a beta of 0.74. Sempra has a twelve month low of $63.75 and a twelve month high of $78.83. The firm’s fifty day moving average price is $75.22 and its 200-day moving average price is $72.99.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Sempra had a net margin of 20.99% and a return on equity of 8.95%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The business’s quarterly revenue was down 44.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sempra will post 4.8 EPS for the current year.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.31%. Sempra’s payout ratio is 54.93%.

Insider Activity

In related news, CAO Peter R. Wall sold 6,100 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of the sale, the chief accounting officer now directly owns 14,751 shares in the company, valued at approximately $1,107,357.57. The sale was disclosed in a filing with the SEC, which is available through this link. In other Sempra news, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at $1,107,357.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Mark bought 1,925 shares of the company’s stock in a transaction on Friday, May 17th. The stock was purchased at an average price of $77.97 per share, with a total value of $150,092.25. Following the completion of the transaction, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

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.