Fifth Third Bancorp Purchases 1,050 Shares of Sempra (NYSE:SRE)

Fifth Third Bancorp boosted its position in Sempra (NYSE:SREFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,183 shares of the utilities provider’s stock after purchasing an additional 1,050 shares during the quarter. Fifth Third Bancorp’s holdings in Sempra were worth $3,377,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PrairieView Partners LLC raised its holdings in Sempra by 100.0% in the third quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Optimum Investment Advisors raised its holdings in Sempra by 100.0% in the third quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Sempra by 119.9% in the third quarter. Geneos Wealth Management Inc. now owns 398 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 217 shares in the last quarter. Monetary Management Group Inc. raised its holdings in Sempra by 100.0% in the third quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its holdings in Sempra by 100.0% in the third quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 195 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Activity at Sempra

In related news, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value of $4,063,936.89. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. In other Sempra news, CEO Jeffrey W. Martin sold 34,190 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.83, for a total value of $2,421,677.70. Following the completion of the sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $141.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Trevor I. Mihalik sold 57,571 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value 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 ninety days, insiders sold 156,622 shares of company stock valued at $11,089,713. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. Mizuho dropped their price target on Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Sempra in a research note on Wednesday, March 6th. Morgan Stanley upped their target price on Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. upgraded Sempra from a “neutral” rating to an “overweight” rating and upped their target price for the company from $78.00 to $86.00 in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Get Our Latest Analysis on SRE

Sempra Trading Up 0.6 %

Shares of SRE stock opened at $71.80 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.54 and a quick ratio of 0.49. The company has a market cap of $45.39 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 2.99 and a beta of 0.71. The stock has a 50 day simple moving average of $70.71 and a 200-day simple moving average of $71.63. Sempra has a 1-year low of $63.75 and a 1-year high of $79.51.

Sempra (NYSE:SREGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company earned $1.17 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Sempra will post 4.82 EPS for the current fiscal year.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 21st will be paid a $0.62 dividend. This is an increase from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 3.45%. The ex-dividend date is Wednesday, March 20th. Sempra’s dividend payout ratio is currently 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.

See Also

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.