New Millennium Group LLC Sells 312 Shares of Sempra (NYSE:SRE)

New Millennium Group LLC lessened its stake in Sempra (NYSE:SRE) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SRE. PNC Financial Services Group Inc. lifted its position in shares of Sempra by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after acquiring an additional 6,709 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Sempra in the third quarter valued at $5,565,000. Fifth Third Wealth Advisors LLC lifted its position in Sempra by 15.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 17,754 shares of the utilities provider’s stock worth $1,485,000 after purchasing an additional 2,441 shares during the period. Prospera Financial Services Inc boosted its stake in Sempra by 14.6% during the third quarter. Prospera Financial Services Inc now owns 34,455 shares of the utilities provider’s stock worth $2,881,000 after buying an additional 4,401 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in Sempra in the 3rd quarter valued at $214,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group began coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Barclays lifted their price objective on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Price Performance

Sempra stock opened at $93.00 on Tuesday. The business’s 50-day simple moving average is $84.72 and its 200 day simple moving average is $80.16. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The stock has a market cap of $58.91 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.53 and a beta of 0.75. Sempra has a 12-month low of $66.40 and a 12-month high of $93.21.

Sempra (NYSE:SRE) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS 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 business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the firm posted $1.08 EPS. Sempra’s revenue was down 16.7% on a year-over-year basis. As a group, research analysts anticipate that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.67%. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

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.