3,851 Shares in Sempra (NYSE:SRE) Acquired by Brophy Wealth Management LLC

Brophy Wealth Management LLC acquired a new position in Sempra (NYSE:SRE) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,851 shares of the utilities provider’s stock, valued at approximately $322,000.

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

Insider Activity

In other news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SRE shares. Morgan Stanley increased their price target on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays increased their price target on Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Wells Fargo & Company increased 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. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price target for the company. Finally, Bank of America started coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and a consensus price target of $89.91.

Sempra Trading Down 0.3 %

Sempra stock opened at $88.55 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.46 and a beta of 0.77. Sempra has a one year low of $66.40 and a one year high of $95.77. The company’s fifty day moving average price is $87.67 and its two-hundred day moving average price is $81.89.

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 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%. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. On average, analysts forecast that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

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.