Sempra (NYSE:SRE) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Sempra (NYSE:SREFree Report) by 89.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,540 shares of the utilities provider’s stock after purchasing an additional 20,971 shares during the period. SG Americas Securities LLC’s holdings in Sempra were worth $3,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SRE. Vanguard Group Inc. lifted its stake in shares of Sempra by 101.8% in the 3rd quarter. Vanguard Group Inc. now owns 62,117,948 shares of the utilities provider’s stock worth $4,225,884,000 after acquiring an additional 31,334,782 shares during the period. Wellington Management Group LLP lifted its stake in shares of Sempra by 101.4% in the 3rd quarter. Wellington Management Group LLP now owns 24,206,231 shares of the utilities provider’s stock worth $1,646,750,000 after acquiring an additional 12,184,568 shares during the period. State Street Corp lifted its stake in shares of Sempra by 0.5% in the 2nd quarter. State Street Corp now owns 17,502,896 shares of the utilities provider’s stock worth $2,548,247,000 after acquiring an additional 83,368 shares during the period. Newport Trust Company LLC lifted its stake in Sempra by 104.0% during the third quarter. Newport Trust Company LLC now owns 14,416,527 shares of the utilities provider’s stock valued at $980,756,000 after purchasing an additional 7,348,746 shares during the last quarter. Finally, FMR LLC lifted its stake in Sempra by 147.0% during the third quarter. FMR LLC now owns 14,360,225 shares of the utilities provider’s stock valued at $976,926,000 after purchasing an additional 8,546,205 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Trevor I. Mihalik sold 57,571 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the completion of the sale, the vice president now directly owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Sempra news, insider Diana L. Day sold 3,937 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $71.21, for a total value of $280,353.77. Following the completion of the sale, the insider now directly owns 18,145 shares of the company’s stock, valued at approximately $1,292,105.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the completion of the sale, the vice president now directly owns 10,922 shares of the company’s stock, valued at $770,983.98. The disclosure for this sale can be found here. In the last three months, insiders sold 156,622 shares of company stock valued at $11,089,713. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SRE shares. StockNews.com lowered shares of Sempra from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Morgan Stanley increased their target price on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. LADENBURG THALM/SH SH started coverage on shares of Sempra in a research note on Wednesday, January 3rd. They set a “buy” rating and a $81.50 target price for the company. JPMorgan Chase & Co. raised shares of Sempra from a “neutral” rating to an “overweight” rating and increased their target price for the company from $78.00 to $86.00 in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of Sempra in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.17.

Get Our Latest Stock Analysis on SRE

Sempra Stock Performance

Shares of SRE opened at $69.63 on Tuesday. The company’s fifty day moving average is $71.03 and its 200-day moving average is $71.66. Sempra has a 12 month low of $63.75 and a 12 month high of $79.51. The firm has a market cap of $44.02 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.85.

Sempra (NYSE:SREGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.17 EPS. Sempra’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts expect that Sempra will post 4.82 EPS for the current fiscal year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.62 per share. This is a positive change from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.48 annualized dividend and a dividend yield of 3.56%. Sempra’s dividend payout ratio is 51.77%.

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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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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