B. Riley Wealth Advisors Inc. Has $576,000 Stock Position in Sempra (NYSE:SRE)

B. Riley Wealth Advisors Inc. lowered its stake in Sempra (NYSE:SRE) by 45.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,507 shares of the utilities provider’s stock after selling 6,259 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sempra were worth $576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SRE. Wellington Management Group LLP grew its stake in Sempra by 12.1% in 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 during the last quarter. Nordea Investment Management AB grew its position in shares of Sempra by 5,279.4% during the 1st quarter. Nordea Investment Management AB now owns 1,583,816 shares of the utilities provider’s stock worth $113,591,000 after purchasing an additional 1,554,374 shares in the last quarter. M&G Plc bought a new stake in shares of Sempra during the 1st quarter worth approximately $64,994,000. Zimmer Partners LP lifted its holdings in shares of Sempra by 96.9% during the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock worth $117,528,000 after acquiring an additional 805,084 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Sempra during the 1st quarter worth approximately $42,630,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SRE shares. 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 increased their price objective on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Bank of America assumed coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective for the company. Barclays increased their price objective on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley increased their price objective on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.27.

Sempra Stock Performance

SRE opened at $82.60 on Friday. Sempra has a 12-month low of $64.29 and a 12-month high of $84.47. The company has a market cap of $52.05 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.64 and a beta of 0.75. The company’s 50 day moving average is $81.48 and its 200 day moving average is $76.78. 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 released its quarterly earnings data 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). 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 quarter in the previous year, the business earned $0.94 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities research analysts predict that Sempra will post 4.79 EPS for the current 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 paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s payout ratio is 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.