Sempra (NYSE:SRE) Holdings Raised by RB Capital Management LLC

RB Capital Management LLC raised its stake in shares of Sempra (NYSE:SRE) by 6.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,437 shares of the utilities provider’s stock after buying an additional 200 shares during the period. RB Capital Management LLC’s holdings in Sempra were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new stake in Sempra during the third quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in shares of Sempra during the 2nd quarter valued at $30,000. Hollencrest Capital Management boosted its stake in shares of Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 270 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra during the second quarter worth $33,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Sempra during the second quarter valued at $34,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SRE shares. Barclays lifted their price target on Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Morgan Stanley upped their price target on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and an average target price of $89.91.

Insider Transactions at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

Sempra Trading Down 0.9 %

Shares of NYSE SRE opened at $88.81 on Tuesday. The business has a 50 day simple moving average of $87.67 and a 200 day simple moving average of $81.89. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The stock has a market cap of $56.25 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.46 and a beta of 0.77. 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 (NYSE:SRE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, research analysts predict that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is 54.63%.

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.