Stonegate Investment Group LLC Sells 246 Shares of Sempra (NYSE:SRE)

Stonegate Investment Group LLC reduced its position in Sempra (NYSE:SRE) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 13,331 shares of the utilities provider’s stock after selling 246 shares during the period. Stonegate Investment Group LLC’s holdings in Sempra were worth $1,169,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Sempra by 173.6% during the 2nd quarter. AQR Capital Management LLC now owns 209,735 shares of the utilities provider’s stock valued at $15,952,000 after acquiring an additional 133,085 shares during the period. Creative Planning increased its holdings in shares of Sempra by 16.8% during the second quarter. Creative Planning now owns 78,726 shares of the utilities provider’s stock valued at $5,988,000 after acquiring an additional 11,303 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Sempra by 5.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,684 shares of the utilities provider’s stock worth $2,106,000 after purchasing an additional 1,463 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Sempra by 3.6% in the 2nd quarter. NewEdge Advisors LLC now owns 18,146 shares of the utilities provider’s stock worth $1,380,000 after purchasing an additional 624 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Sempra in the 2nd quarter valued at $114,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SRE shares. Wells Fargo & Company upped their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Evercore ISI increased their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, Barclays lowered their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday. One 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 currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Stock Down 0.5 %

Shares of NYSE:SRE opened at $81.76 on Wednesday. The company has a market capitalization of $51.78 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Sempra has a 1 year low of $66.40 and a 1 year 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. The business has a fifty day moving average price of $87.51 and a two-hundred day moving average price of $84.25.

Sempra (NYSE:SRE) last posted 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 company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Analysts forecast that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 3.03%. Sempra’s payout ratio is 54.63%.

Insider Buying and Selling at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.