Bleakley Financial Group LLC Has $866,000 Stock Position in Sempra (NYSE:SRE)

Bleakley Financial Group LLC cut its stake in Sempra (NYSE:SRE) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,355 shares of the utilities provider’s stock after selling 539 shares during the period. Bleakley Financial Group LLC’s holdings in Sempra were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Clearbridge Investments LLC boosted its position 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 worth $1,023,228,000 after purchasing an additional 874,133 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position 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 acquiring an additional 48,592 shares during the period. Dimensional Fund Advisors LP boosted its stake in Sempra by 19.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,553 shares of the utilities provider’s stock worth $133,679,000 after acquiring an additional 289,731 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Sempra by 1.6% during the second quarter. Hsbc Holdings PLC now owns 1,659,618 shares of the utilities provider’s stock valued at $126,246,000 after purchasing an additional 26,862 shares during the period. Finally, Zimmer Partners LP increased its stake in Sempra by 96.9% in the first quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock valued at $117,528,000 after purchasing an additional 805,084 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SRE shares. BMO Capital Markets boosted their price target on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley increased their price target on 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 began coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Barclays boosted their price objective on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Evercore ISI increased their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

Sempra Stock Performance

NYSE SRE opened at $85.96 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $82.30 and a 200 day simple moving average of $77.71. Sempra has a 12-month low of $66.40 and a 12-month high of $86.13. The company has a market cap of $54.17 billion, a P/E ratio of 19.06, a PEG ratio of 2.64 and a beta of 0.75.

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). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business 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. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. Sell-side analysts predict that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.89%. Sempra’s dividend payout ratio is presently 54.99%.

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.