Sempra (NYSE:SRE) Stock Position Trimmed by New Millennium Group LLC

New Millennium Group LLC decreased its position in Sempra (NYSE:SRE) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,364 shares of the utilities provider’s stock after selling 312 shares during the period. New Millennium Group LLC’s holdings in Sempra were worth $114,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Perennial Investment Advisors LLC raised its position in Sempra by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after buying an additional 134 shares during the period. Transcend Capital Advisors LLC increased its holdings in shares of Sempra by 2.8% in the 2nd quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 136 shares during the period. Marcum Wealth LLC increased its holdings in shares of Sempra by 3.5% in the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 137 shares during the period. Private Advisor Group LLC lifted its position in shares of Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock worth $731,000 after purchasing an additional 139 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Sempra by 4.0% during the second quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Up 0.1 %

SRE opened at $93.00 on Tuesday. The firm has a market cap of $58.91 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The business has a 50 day moving average price of $84.72 and a 200 day moving average price of $80.16. Sempra has a twelve month low of $66.40 and a twelve month high of $93.21.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Sempra’s quarterly revenue was down 16.7% compared to the same quarter last year. Research analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. Wells Fargo & Company lifted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI upped their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley raised their price target on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.00.

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.