Global Retirement Partners LLC Buys 548 Shares of Sempra (NYSE:SRE)

Global Retirement Partners LLC increased its stake in Sempra (NYSE:SRE) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,290 shares of the utilities provider’s stock after purchasing an additional 548 shares during the quarter. Global Retirement Partners LLC’s holdings in Sempra were worth $359,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SRE shares. BMO Capital Markets raised their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley raised their price target on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Barclays raised their price target on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Bank of America started coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Evercore ISI raised their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. One equities 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Sempra Trading Down 1.2 %

Shares of Sempra stock opened at $84.93 on Tuesday. The firm has a market cap of $53.52 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.64 and a beta of 0.75. Sempra has a twelve month low of $66.40 and a twelve month high of $86.13. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $82.41 and a 200-day moving average price of $77.81.

Sempra (NYSE:SRE) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The company’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 EPS. Equities research analysts anticipate that Sempra will post 4.79 EPS for the current fiscal year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were given a $0.62 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.48 annualized dividend and a yield of 2.92%. Sempra’s dividend payout ratio is currently 54.99%.

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.