Sempra (NYSE:SRE) Stock Holdings Trimmed by Pensionfund Sabic

Pensionfund Sabic decreased its holdings in Sempra (NYSE:SRE) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,400 shares of the utilities provider’s stock after selling 2,500 shares during the quarter. Pensionfund Sabic’s holdings in Sempra were worth $1,372,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Family Firm Inc. bought a new position in Sempra in the 2nd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sempra during the second quarter valued at approximately $33,000. Financial Connections Group Inc. bought a new stake in Sempra during the second quarter worth approximately $34,000. SouthState Corp lifted its position in Sempra by 900.0% in the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Sempra during the 2nd quarter valued at $39,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Stock Down 0.1 %

SRE stock opened at $81.52 on Thursday. 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 firm has a market capitalization of $51.37 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.65 and a beta of 0.75. Sempra has a 52-week low of $66.40 and a 52-week high of $84.47. The company’s 50 day simple moving average is $81.59 and its 200-day simple moving average is $77.03.

Sempra (NYSE:SRE) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The firm had revenue of $3.01 billion for 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%. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. As a group, equities research analysts anticipate that Sempra will post 4.79 EPS for the current year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be given a $0.62 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.04%. Sempra’s dividend payout ratio is currently 54.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SRE shares. Morgan Stanley boosted their price objective on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Evercore ISI raised their price objective on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their target price on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Finally, Bank of America began coverage on shares of Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.20.

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.