Marion Wealth Management Acquires 414 Shares of Sempra (NYSE:SRE)

Marion Wealth Management raised its holdings in shares of Sempra (NYSE:SRE) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,571 shares of the utilities provider’s stock after buying an additional 414 shares during the quarter. Marion Wealth Management’s holdings in Sempra were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its stake 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 purchasing an additional 2,917,668 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Sempra by 6.9% in the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock valued at $1,023,228,000 after buying an additional 874,133 shares in the last quarter. Perpetual Ltd lifted its holdings 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 acquiring an additional 133,119 shares during the period. Point72 Asset Management L.P. boosted its holdings in Sempra by 4.6% during the fourth 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 in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Sempra by 2.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock valued at $182,158,000 after purchasing an additional 48,592 shares during the period. 89.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley boosted 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. Evercore ISI lifted their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America started 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. Barclays lifted their price target on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, BMO Capital Markets upped their price objective on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Sempra has a consensus rating of “Moderate Buy” and an average price target of $85.27.

Sempra Price Performance

SRE opened at $81.50 on Tuesday. 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 stock has a market capitalization of $51.36 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. The company’s 50 day simple moving average is $81.48 and its 200-day simple moving average is $76.83. Sempra has a one year low of $66.40 and a one year high of $84.47.

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

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be issued 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 yield of 3.04%. Sempra’s dividend payout ratio is currently 54.99%.

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.