Massmutual Trust Co. FSB ADV Has $184,000 Stock Holdings in Sempra (NYSE:SRE)

Massmutual Trust Co. FSB ADV decreased its holdings in Sempra (NYSE:SRE) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,199 shares of the utilities provider’s stock after selling 220 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Sempra were worth $184,000 as of its most recent SEC filing.

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

Sempra Stock Performance

NYSE SRE opened at $82.60 on Friday. The company has a fifty day moving average price of $81.48 and a 200-day moving average price of $76.78. The firm 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 has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a 1 year low of $64.29 and a 1 year high of $84.47.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (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 return on equity of 8.58% and a net margin of 22.31%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that Sempra will post 4.79 EPS for the current fiscal year.

Sempra Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s payout ratio is 54.99%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SRE shares. Barclays raised their target price on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets lifted their price target on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Morgan Stanley lifted their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Bank of America initiated coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective for the company. Finally, Evercore ISI upped their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.27.

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.