Hsbc Holdings PLC Acquires 26,862 Shares of Sempra (NYSE:SRE)

Hsbc Holdings PLC grew its holdings in Sempra (NYSE:SRE) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,659,618 shares of the utilities provider’s stock after purchasing an additional 26,862 shares during the period. Hsbc Holdings PLC owned approximately 0.26% of Sempra worth $126,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of Sempra by 12.1% during the 4th quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock valued at $2,026,969,000 after acquiring an additional 2,917,668 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Sempra by 5,279.4% during the 1st quarter. Nordea Investment Management AB now owns 1,583,816 shares of the utilities provider’s stock valued at $113,591,000 after acquiring an additional 1,554,374 shares in the last quarter. M&G Plc acquired a new stake in shares of Sempra during the 1st quarter valued at $64,994,000. Zimmer Partners LP boosted its holdings in shares of Sempra by 96.9% during the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock valued at $117,528,000 after acquiring an additional 805,084 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Sempra during the 1st quarter valued at $42,630,000. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SRE. BMO Capital Markets raised their price objective on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley lifted their target price on Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price on the stock. Evercore ISI lifted their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, LADENBURG THALM/SH SH cut their target price on Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Sempra Stock Down 1.2 %

Shares of NYSE:SRE opened at $82.94 on Thursday. The company has a market capitalization of $52.51 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The business’s 50-day moving average is $80.16 and its 200-day moving average is $75.75. Sempra has a 1 year low of $63.75 and a 1 year high of $84.29.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities research analysts predict that Sempra will post 4.79 earnings per share for the current year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s payout ratio is 54.93%.

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.