Blair William & Co. IL Sells 1,565 Shares of Sempra (NYSE:SRE)

Blair William & Co. IL reduced its position in Sempra (NYSE:SRE) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,699 shares of the utilities provider’s stock after selling 1,565 shares during the quarter. Blair William & Co. IL’s holdings in Sempra were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in 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 buying an additional 2,917,668 shares in the last quarter. Nordea Investment Management AB grew its stake in Sempra by 5,279.4% during the first 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 bought a new stake in Sempra in the 1st quarter valued at $64,994,000. Zimmer Partners LP lifted its stake in Sempra by 96.9% in the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock worth $117,528,000 after purchasing an additional 805,084 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Sempra in the 1st quarter worth $42,630,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SRE shares. LADENBURG THALM/SH SH reduced 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. Evercore ISI upped their price objective on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley boosted their price target on shares of Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Sempra Stock Up 0.8 %

Shares of NYSE SRE opened at $83.18 on Monday. Sempra has a 1 year low of $63.75 and a 1 year high of $84.29. The firm has a 50-day simple moving average of $80.40 and a two-hundred day simple moving average of $75.96. The company has a market cap of $52.42 billion, a P/E ratio of 18.44, a PEG ratio of 2.65 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.

Sempra (NYSE:SRE) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. Sempra’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Research analysts anticipate that Sempra will post 4.79 earnings per share for the current year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, September 26th. Sempra’s dividend payout ratio is presently 54.99%.

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.