Icon Wealth Advisors LLC Has $2.62 Million Stock Holdings in Sempra (NYSE:SRE)

Icon Wealth Advisors LLC raised its holdings in shares of Sempra (NYSE:SRE) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,276 shares of the utilities provider’s stock after purchasing an additional 3,029 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Sempra were worth $2,616,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SRE. Perennial Investment Advisors LLC lifted its holdings in shares of Sempra by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock worth $377,000 after buying an additional 134 shares in the last quarter. Transcend Capital Advisors LLC grew its position in Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 136 shares during the last quarter. Marcum Wealth LLC grew its position in Sempra by 3.5% in the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 137 shares during the last quarter. Private Advisor Group LLC grew its position in Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after acquiring an additional 139 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in Sempra by 4.0% in the second quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Up 1.1 %

Shares of NYSE:SRE opened at $94.28 on Friday. The company has a market capitalization of $59.72 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. 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 business has a fifty day moving average price of $86.53 and a two-hundred day moving average price of $81.16. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77.

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

Sempra Announces Dividend

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 paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.63%. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

Analyst Ratings Changes

A number of research analysts have issued reports on SRE shares. Barclays lifted their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company boosted their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Evercore ISI upped their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate 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.