Cable Hill Partners LLC Grows Stock Holdings in Sempra (NYSE:SRE)

Cable Hill Partners LLC grew its position in Sempra (NYSE:SRE) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,887 shares of the utilities provider’s stock after buying an additional 515 shares during the quarter. Cable Hill Partners LLC’s holdings in Sempra were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank acquired a new position in Sempra in the 3rd quarter valued at about $28,000. Family Firm Inc. purchased a new position in shares of Sempra in the second quarter valued at approximately $30,000. Hollencrest Capital Management grew its holdings in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Sempra during the 2nd quarter worth approximately $33,000. Finally, Financial Connections Group Inc. purchased a new stake in Sempra during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SRE shares. Wells Fargo & Company boosted their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Bank of America assumed coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective for the company. Barclays lifted their target price on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group initiated coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.00.

Sempra Price Performance

Shares of NYSE SRE opened at $92.19 on Thursday. The stock has a fifty day moving average price of $83.99 and a 200 day moving average price of $79.60. Sempra has a 1-year low of $66.40 and a 1-year high of $93.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $58.39 billion, a PE ratio of 20.31, a P/E/G ratio of 2.94 and a beta of 0.75.

Sempra (NYSE:SRE) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate 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 last year, the business posted $1.08 EPS. The firm’s revenue was down 16.7% on a year-over-year basis. Sell-side analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The firm also recently announced 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 54.63%.

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.