Mitchell & Pahl Private Wealth LLC Has $2.48 Million Stake in Sempra (NYSE:SRE)

Mitchell & Pahl Private Wealth LLC raised its holdings in Sempra (NYSE:SRE) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,318 shares of the utilities provider’s stock after purchasing an additional 1,071 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Sempra were worth $2,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Unigestion Holding SA acquired a new stake in shares of Sempra in the third quarter valued at approximately $33,023,000. JPMorgan Chase & Co. raised its holdings in Sempra by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock valued at $286,695,000 after acquiring an additional 278,183 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Sempra by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock valued at $29,865,000 after acquiring an additional 6,709 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Sempra during the 3rd quarter valued at $675,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Sempra by 14.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 190,714 shares of the utilities provider’s stock worth $15,949,000 after purchasing an additional 23,970 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SRE. Evercore ISI boosted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Wells Fargo & Company increased their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.

Sempra Stock Performance

Shares of Sempra stock opened at $85.24 on Tuesday. The company’s 50 day moving average price is $88.50 and its two-hundred day moving average price is $83.92. The firm has a market capitalization of $53.99 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.16 and a beta of 0.78. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Sempra (NYSE:SRE) last released 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). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business earned $1.08 EPS. The company’s revenue was down 16.7% compared to the same quarter last year. On average, equities analysts forecast that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Insider Activity at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

About Sempra

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.