Intech Investment Management LLC Sells 6,479 Shares of Sempra (NYSE:SRE)

Intech Investment Management LLC trimmed its holdings in shares of Sempra (NYSE:SRE) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,571 shares of the utilities provider’s stock after selling 6,479 shares during the quarter. Intech Investment Management LLC’s holdings in Sempra were worth $2,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Sempra by 12.1% in the fourth quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock worth $2,026,969,000 after buying an additional 2,917,668 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Sempra by 1.9% in the 1st quarter. Clearbridge Investments LLC now owns 12,578,779 shares of the utilities provider’s stock worth $903,534,000 after acquiring an additional 233,819 shares during the last quarter. Perpetual Ltd boosted its stake in shares of Sempra by 4.8% during the 1st quarter. Perpetual Ltd now owns 2,891,026 shares of the utilities provider’s stock worth $207,662,000 after purchasing an additional 133,119 shares during the period. Point72 Asset Management L.P. grew its holdings in Sempra by 4.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,629,015 shares of the utilities provider’s stock valued at $196,466,000 after purchasing an additional 116,297 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Sempra by 2.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock worth $182,158,000 after purchasing an additional 48,592 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SRE has been the subject of a number of research analyst reports. Barclays raised their price target on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Morgan Stanley boosted their target price on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. BMO Capital Markets upped their price target on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Evercore ISI lifted their price objective on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Bank of America initiated coverage on shares of Sempra in a research note 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Sempra Stock Up 0.8 %

Sempra stock opened at $83.18 on Monday. Sempra has a twelve month low of $63.75 and a twelve month high of $84.29. The business has a fifty day moving average of $80.40 and a two-hundred day moving average of $75.96. The firm has a market cap of $52.42 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.65 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84.

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

Sempra Dividend Announcement

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

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.