Cornerstone Wealth Group LLC Purchases 199 Shares of Sempra (NYSE:SRE)

Cornerstone Wealth Group LLC raised its position in Sempra (NYSE:SRE) by 0.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,634 shares of the utilities provider’s stock after acquiring an additional 199 shares during the period. Cornerstone Wealth Group LLC’s holdings in Sempra were worth $3,315,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Sempra in the 1st quarter valued at approximately $815,000. Magnetar Financial LLC acquired a new position in shares of Sempra during the 1st quarter worth approximately $2,293,000. Forsta AP Fonden increased its position in shares of Sempra by 13.7% during the 1st quarter. Forsta AP Fonden now owns 117,200 shares of the utilities provider’s stock worth $8,418,000 after purchasing an additional 14,100 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Sempra by 249.9% during the 1st quarter. SG Americas Securities LLC now owns 155,854 shares of the utilities provider’s stock worth $11,195,000 after purchasing an additional 111,314 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its position in shares of Sempra by 319.5% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Stock Performance

NYSE:SRE opened at $83.53 on Thursday. The stock has a fifty day moving average price of $83.09 and a 200-day moving average price of $78.47. The company has a market cap of $52.89 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $86.57.

Sempra (NYSE:SRE) last released its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was down 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Sempra will post 4.78 EPS for the current fiscal year.

Sempra Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.97%. Sempra’s dividend payout ratio is currently 52.99%.

Analyst Ratings Changes

A number of research firms recently weighed in on SRE. Barclays boosted their target price on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets boosted their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Bank of America began coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective on the stock. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.55.

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.