2,395 Shares in Sempra (NYSE:SRE) Purchased by Phillips Financial Management LLC

Phillips Financial Management LLC acquired a new stake in Sempra (NYSE:SRE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,395 shares of the utilities provider’s stock, valued at approximately $200,000.

A number of other institutional investors have also bought and sold shares of SRE. TIAA Trust National Association lifted its position in Sempra by 14.0% during the first quarter. TIAA Trust National Association now owns 5,053 shares of the utilities provider’s stock worth $363,000 after buying an additional 621 shares in the last quarter. Patten & Patten Inc. TN increased its stake in shares of Sempra by 12.3% in the 1st quarter. Patten & Patten Inc. TN now owns 3,876 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 424 shares during the last quarter. Edgestream Partners L.P. raised its holdings in shares of Sempra by 263.1% during the 1st quarter. Edgestream Partners L.P. now owns 11,623 shares of the utilities provider’s stock worth $835,000 after acquiring an additional 8,422 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Sempra by 36.1% during the 1st quarter. Jacobi Capital Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $309,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Rockport Wealth LLC purchased a new stake in shares of Sempra in the first quarter valued at about $430,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Stock Up 1.9 %

Shares of SRE opened at $92.19 on Monday. The company’s 50-day simple moving average is $84.52 and its 200-day simple moving average is $80.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 1 year low of $66.40 and a 1 year high of $93.12. The stock has a market capitalization of $58.39 billion, a PE ratio of 20.31, a P/E/G ratio of 2.53 and a beta of 0.75.

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

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.69%. Sempra’s dividend payout ratio (DPR) is 54.63%.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Barclays upped their price objective on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Evercore ISI raised their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.00.

About Sempra

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.