Cetera Advisor Networks LLC Purchases 3,806 Shares of Sempra (NYSE:SRE)

Cetera Advisor Networks LLC lifted its position in shares of Sempra (NYSE:SREFree Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,115 shares of the utilities provider’s stock after purchasing an additional 3,806 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Sempra were worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SRE. Essex Investment Management Co. LLC boosted its stake in Sempra by 100.0% during the third quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after buying an additional 195 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Sempra by 100.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Spire Wealth Management increased its stake in Sempra by 85.6% in the third quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 190 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Sempra in the fourth quarter worth about $28,000. Finally, JFS Wealth Advisors LLC boosted its holdings in Sempra by 195.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 277 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Sempra Stock Performance

Shares of Sempra stock opened at $75.33 on Monday. The firm has a 50 day simple moving average of $73.47 and a 200 day simple moving average of $72.75. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $78.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57. The firm has a market cap of $47.47 billion, a P/E ratio of 16.68, a P/E/G ratio of 2.62 and a beta of 0.74.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. The company’s revenue was down 44.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. Sell-side analysts predict that Sempra will post 4.8 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 27th. Sempra’s dividend payout ratio is 54.93%.

Insider Buying and Selling

In other Sempra news, Director Richard J. Mark acquired 1,925 shares of Sempra stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the completion of the purchase, the director now owns 5,420 shares in the company, valued at $422,597.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Sempra in a report on Wednesday, March 6th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. LADENBURG THALM/SH SH lowered their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Morgan Stanley lifted their price target 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. Finally, Mizuho lifted their price target on shares of Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a report on Friday, May 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Read Our Latest Research Report on SRE

About Sempra

(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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