Global Retirement Partners LLC Sells 473 Shares of Sempra (NYSE:SRE)

Global Retirement Partners LLC lessened its stake in Sempra (NYSE:SREFree Report) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,231 shares of the utilities provider’s stock after selling 473 shares during the quarter. Global Retirement Partners LLC’s holdings in Sempra were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. PrairieView Partners LLC raised its holdings in Sempra by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Optimum Investment Advisors raised its holdings in Sempra by 100.0% during the 3rd quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 190 shares during the period. Geneos Wealth Management Inc. raised its holdings in Sempra by 119.9% during the 3rd quarter. Geneos Wealth Management Inc. now owns 398 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 217 shares during the period. Monetary Management Group Inc. raised its holdings in Sempra by 100.0% during the 3rd quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in Sempra by 100.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 195 shares during the period. Institutional investors own 89.65% of the company’s stock.

Sempra Stock Up 0.6 %

SRE opened at $71.80 on Wednesday. The stock has a market cap of $45.39 billion, a PE ratio of 14.99, a P/E/G ratio of 3.01 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 has a 52 week low of $63.75 and a 52 week high of $79.51. The business’s fifty day simple moving average is $70.71 and its 200 day simple moving average is $71.63.

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

Sempra Increases Dividend

The business also recently disclosed 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 boost from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, March 20th. Sempra’s dividend payout ratio (DPR) is 51.77%.

Wall Street Analyst Weigh In

SRE has been the topic of a number of analyst reports. Morgan Stanley boosted their target price on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Mizuho decreased their price target on shares of Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. BMO Capital Markets raised shares of Sempra from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $76.00 to $84.00 in a report on Thursday, January 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Sempra in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.14.

Get Our Latest Stock Report on Sempra

Insider Activity

In other news, CEO Jeffrey W. Martin sold 50,703 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total transaction of $3,595,856.76. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $141.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey W. Martin sold 50,703 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $141.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trevor I. Mihalik sold 57,571 shares of the firm’s stock in a transaction dated 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 in the company, valued at $770,983.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,622 shares of company stock valued at $11,089,713. 0.27% of the stock is currently owned by insiders.

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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