Sempra (NYSE:SRE) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in Sempra (NYSE:SRE) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,280 shares of the utilities provider’s stock after selling 742 shares during the period. Captrust Financial Advisors’ holdings in Sempra were worth $5,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. FMR LLC boosted its holdings in Sempra by 9.1% in the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares during the period. Clearbridge Investments LLC raised its position in Sempra by 6.9% in the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock valued at $1,023,228,000 after purchasing an additional 874,133 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Sempra by 3.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,335,339 shares of the utilities provider’s stock valued at $362,564,000 after buying an additional 125,833 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Sempra by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,625,473 shares of the utilities provider’s stock worth $303,198,000 after buying an additional 48,512 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Sempra by 2.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock worth $182,158,000 after buying an additional 48,592 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Activity

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Sempra Stock Down 1.7 %

Sempra stock opened at $92.12 on Tuesday. The stock has a 50-day simple moving average of $86.75 and a 200-day simple moving average of $81.33. The company has a market capitalization of $58.35 billion, a P/E ratio of 20.29, a PEG ratio of 2.57 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. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77.

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

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is currently 54.63%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Morgan Stanley lifted their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.91.

Sempra Company 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.