Vontobel Holding Ltd. Has $955,000 Holdings in Sempra (NYSE:SRE)

Vontobel Holding Ltd. boosted its stake in Sempra (NYSE:SRE) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,425 shares of the utilities provider’s stock after buying an additional 353 shares during the quarter. Vontobel Holding Ltd.’s holdings in Sempra were worth $955,000 at the end of the most recent quarter.

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

Sempra Price Performance

NYSE SRE opened at $85.96 on Monday. Sempra has a 52-week low of $66.40 and a 52-week high of $86.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. The business has a 50 day simple moving average of $82.30 and a 200 day simple moving average of $77.71. The stock has a market cap of $54.17 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.64 and a beta of 0.75.

Sempra (NYSE:SRE) last released its earnings results 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 for 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%. Sempra’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. Analysts anticipate that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI boosted 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. BMO Capital Markets boosted their price objective on Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Bank of America assumed coverage on Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Barclays upped 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. Finally, Morgan Stanley raised their price objective on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Sempra 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.