Sempra (NYSE:SRE) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in Sempra (NYSE:SREFree Report) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,595 shares of the utilities provider’s stock after selling 813 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sempra were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC increased its position in Sempra by 29.9% in the third quarter. WFA of San Diego LLC now owns 2,439 shares of the utilities provider’s stock worth $166,000 after buying an additional 561 shares during the period. Meyer Handelman Co. increased its position in Sempra by 100.0% in the third quarter. Meyer Handelman Co. now owns 68,696 shares of the utilities provider’s stock worth $4,673,000 after buying an additional 34,348 shares during the period. Northwest Investment Counselors LLC increased its holdings in shares of Sempra by 93.7% during the third quarter. Northwest Investment Counselors LLC now owns 2,195 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 1,062 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Sempra by 114.4% during the third quarter. New Mexico Educational Retirement Board now owns 32,782 shares of the utilities provider’s stock valued at $2,230,000 after purchasing an additional 17,491 shares during the period. Finally, Ausbil Investment Management Ltd increased its holdings in shares of Sempra by 13.5% during the fourth quarter. Ausbil Investment Management Ltd now owns 172,129 shares of the utilities provider’s stock valued at $12,863,000 after purchasing an additional 20,469 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on SRE. LADENBURG THALM/SH SH began coverage on Sempra in a report on Wednesday, January 3rd. They set a “buy” rating and a $81.50 price target on the stock. Barclays raised their price target on Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. BMO Capital Markets raised Sempra from a “market perform” rating to an “outperform” rating and raised their price target for the company from $76.00 to $84.00 in a report on Thursday, January 11th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of Sempra in a report on Wednesday, March 6th. Finally, Mizuho lowered their price target on Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Sempra has a consensus rating of “Moderate Buy” and an average price target of $82.14.

Get Our Latest Analysis on Sempra

Sempra Trading Down 1.2 %

Shares of SRE stock opened at $70.97 on Thursday. The stock has a 50-day simple moving average of $70.71 and a 200 day simple moving average of $71.62. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $79.51. The stock has a market capitalization of $44.86 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.99 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 released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the company posted $1.17 EPS. Sempra’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts expect that Sempra will post 4.82 earnings per share for the current fiscal year.

Sempra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 21st will be given a $0.62 dividend. This is a positive change from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, March 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.49%. Sempra’s dividend payout ratio (DPR) is 51.77%.

Insider Activity at Sempra

In related news, EVP Justin Christopher Bird sold 5,063 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.22, for a total value of $360,586.86. Following the completion of the transaction, the executive vice president now owns 19,712 shares in the company, valued at approximately $1,403,888.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Trevor I. Mihalik sold 57,571 shares of the 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 of the company’s stock, valued at approximately $770,983.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Christopher Bird sold 5,063 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.22, for a total value of $360,586.86. Following the completion of the sale, the executive vice president now directly owns 19,712 shares of the company’s stock, valued at $1,403,888.64. The disclosure for this sale can be found here. Insiders sold 156,622 shares of company stock worth $11,089,713 in the last quarter. 0.27% of the stock is owned by company insiders.

Sempra Company 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.

Read More

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra (NYSE:SREFree Report).

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.