Sempra (NYSE:SRE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Sempra (NYSE:SRE) by 3.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,806 shares of the utilities provider’s stock after selling 2,705 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sempra were worth $6,070,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SRE. Brown Advisory Inc. lifted its holdings in Sempra by 11.7% during the fourth quarter. Brown Advisory Inc. now owns 5,638 shares of the utilities provider’s stock valued at $421,000 after purchasing an additional 589 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Sempra by 14.4% in the 4th quarter. D.A. Davidson & CO. now owns 41,202 shares of the utilities provider’s stock worth $3,079,000 after buying an additional 5,197 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Sempra during the 4th quarter worth approximately $288,000. InterOcean Capital Group LLC increased its stake in Sempra by 9.4% during the 4th quarter. InterOcean Capital Group LLC now owns 5,580 shares of the utilities provider’s stock worth $417,000 after buying an additional 480 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Sempra by 30.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 39,575 shares of the utilities provider’s stock valued at $2,957,000 after acquiring an additional 9,279 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Performance

NYSE SRE opened at $83.17 on Friday. The stock has a market cap of $52.66 billion, a PE ratio of 18.42, a P/E/G ratio of 2.65 and a beta of 0.75. Sempra has a twelve month low of $63.75 and a twelve month high of $84.29. The stock has a fifty day simple moving average of $80.40 and a 200-day simple moving average of $75.88. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84.

Sempra (NYSE:SRE) last announced its quarterly earnings results 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 analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. Sempra’s revenue was down 9.7% on a year-over-year basis. Equities analysts anticipate that Sempra will post 4.79 earnings per share for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be paid 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 2.98%. Sempra’s payout ratio is presently 54.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SRE. Morgan Stanley lifted their price target on Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Evercore ISI upped their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America began coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 price target on the stock. Barclays upped their price objective on shares of Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, BMO Capital Markets raised their target price 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.