West Oak Capital LLC Purchases 905 Shares of Sempra (NYSE:SRE)

10 Jan 2025, 18:16 by Renee Jackson · The Cerbat Gem

West Oak Capital LLC grew its position in Sempra (NYSE:SRE – Free Report) by 696.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,035 shares of the utilities provider’s stock after acquiring an additional 905 shares during the quarter. West Oak Capital LLC’s holdings in Sempra were worth $91,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares in the last quarter. State Street Corp raised its position in shares of Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after buying an additional 1,539,026 shares in the last quarter. Clearbridge Investments LLC grew its position in Sempra by 6.9% in the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after acquiring an additional 874,133 shares in the last quarter. National Bank of Canada FI grew its position in Sempra by 201.2% in the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after acquiring an additional 414,406 shares in the last quarter. Finally, Unigestion Holding SA bought a new stake in Sempra during the third quarter worth approximately $33,023,000. Institutional investors own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SRE shares. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Jefferies Financial Group began coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price target for the company. Finally, Evercore ISI increased their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.60.

Get Our Latest Stock Report on Sempra

Sempra Trading Down 4.7 %

SRE traded down $3.90 during trading on Friday, hitting $78.92. 8,190,681 shares of the stock were exchanged, compared to its average volume of 4,485,179. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a 50 day simple moving average of $89.06 and a 200 day simple moving average of $83.58. The firm has a market cap of $49.99 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 2.45 and a beta of 0.78. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77.

Sempra (NYSE:SRE – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. As a group, equities analysts expect that Sempra will post 4.76 EPS for the current year.

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a $0.62 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.14%. Sempra’s payout ratio is currently 54.63%.

Insider Buying and Selling at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Sempra Profile

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