Carnegie Capital Asset Management LLC reduced its holdings of Sempra shares (NYSE: SRE – Get a rating) by 18.7% during the 1st quarter, according to its last filing with the Securities and Exchange Commission. The company held 1,308 shares of the utility provider after selling 300 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Sempra were worth $220,000 when it last filed with the Securities and Exchange Commission.
Other large investors also bought and sold shares of the company. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in Sempra by 2.3% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 3,212 shares of the utility provider valued at $540,000 after buying 71 additional shares last quarter. Exchange Traded Concepts LLC increased its stake in Sempra by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,531 shares of the utility provider valued at $599,000 after buying 82 additional shares last quarter. Foundations Investment Advisors LLC increased its stake in Sempra by 4.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 2,523 shares of the utility provider valued at $344,000 after buying 96 additional shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Sempra by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the utility provider valued at $2,646,000 after buying 100 additional shares in the last quarter. Finally, Gradient Investments LLC increased its stake in Sempra by 1.2% in the fourth quarter. Gradient Investments LLC now owns 8,921 shares of the utility provider valued at $1,180,000 after buying an additional 105 shares in the last quarter. 86.06% of the shares are currently held by hedge funds and other institutional investors.
In other Sempra, CEO news Jeffrey W. Martin sold 30,796 shares of the company in a transaction that took place on Monday, March 28. The stock was sold at an average price of $162.23, for a total value of $4,996,035.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s shares.
Shares of NYSE: SRE opened at $149.44 on Friday. The company has a 50-day moving average price of $159.43 and a 200-day moving average price of $149.21. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt ratio of 0.92. The company has a market capitalization of $46.97 billion, a price-earnings ratio of 47.14, a PEG ratio of 2.99 and a beta of 0.62. Sempra has a 12-month low of $119.56 and a 12-month high of $173.28.
Semper (NYSE: SRE – Get a rating) last released its quarterly results on Thursday, May 5. The utility provider reported EPS of $2.91 for the quarter, beating the consensus estimate of $2.86 by $0.05. The company posted revenue of $3.83 billion in the quarter, versus $3.35 billion expected by analysts. Sempra had a return on equity of 10.96% and a net margin of 8.44%. The company’s revenue for the quarter increased 17.5% year over year. In the same quarter a year earlier, the company posted EPS of $2.95. Analysts expect Sempra to post an EPS of 8.49 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, July 7 will receive a dividend of $1.145. The ex-dividend date is Wednesday July 6. This represents an annualized dividend of $4.58 and a yield of 3.06%. Sempra’s dividend payout ratio (DPR) is 144.48%.
A number of brokerages have commented on SRE. Royal Bank of Canada raised its target price on Sempra from $158.00 to $178.00 and gave the company an “outperform” rating in a Wednesday, April 13 research note. Morgan Stanley cut its price target on Sempra from $168.00 to $164.00 and set an “equal weight” rating for the company in a Monday, May 23 research note. StockNews.com assumed coverage on Sempra in a Thursday, March 31, research note. They set a “holding” rating for the company. Citigroup raised its price target on Sempra from $142.00 to $171.00 in a Thursday, April 28 research note. Finally, Credit Suisse Group assumed coverage for Sempra in a Monday, April 25 research note. They set an “outperform” rating and a price target of $180.00 for the company. Five investment analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.67.
Sempra Company Profile (Get a rating)
Sempra operates as an energy services holding company in the United States and internationally. The Company’s San Diego Gas & Electric Company segment provides electrical services; and supplies natural gas. It provides electric services to approximately 3.6 million residents and natural gas services to approximately 3.3 million residents that cover 4,100 square miles.
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