Prospera Private Wealth LLC Invests $88,000 in Sempra (NYSE:SRE)

by · The Markets Daily

Prospera Private Wealth LLC bought a new stake in Sempra (NYSE:SRE – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,055 shares of the utilities provider’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Sempra during the 1st quarter worth $2,293,000. Dai ichi Life Insurance Company Ltd boosted its stake in Sempra by 319.5% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after buying an additional 150,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Sempra by 10.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock valued at $10,315,000 after buying an additional 12,346 shares during the period. CreativeOne Wealth LLC increased its stake in shares of Sempra by 171.6% during the 1st quarter. CreativeOne Wealth LLC now owns 10,477 shares of the utilities provider’s stock valued at $753,000 after acquiring an additional 6,620 shares during the last quarter. Finally, TCW Group Inc. increased its stake in shares of Sempra by 28.2% during the 2nd quarter. TCW Group Inc. now owns 67,765 shares of the utilities provider’s stock valued at $5,154,000 after acquiring an additional 14,890 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Performance

Shares of Sempra stock opened at $94.69 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 1 year low of $66.40 and a 1 year high of $94.86. The firm’s 50-day simple moving average is $85.44 and its 200-day simple moving average is $80.49. The firm has a market cap of $59.98 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.75.

Sempra (NYSE:SRE – Get Free Report) 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 firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s quarterly revenue was down 16.7% on a year-over-year basis. Equities analysts forecast that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Announces Dividend

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 issued a dividend of $0.62 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.62%. Sempra’s dividend payout ratio (DPR) is 54.63%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SRE shares. Barclays boosted their target price on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Bank of America started coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target for the company. Evercore ISI lifted their price target on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

View Our Latest Stock Report on SRE

Insider Transactions at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.24% of the company’s stock.

Sempra Profile

(Free Report)

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.

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