Mosley Wealth Management Takes Position in Sempra (NYSE:SRE)

Mosley Wealth Management bought a new stake in Sempra (NYSE:SREFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,659 shares of the utilities provider’s stock, valued at approximately $423,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Sempra in the 4th quarter valued at approximately $28,000. Essex Investment Management Co. LLC raised its position in Sempra by 100.0% during the 3rd 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 during the last quarter. Monetary Management Group Inc. lifted its stake in shares of Sempra by 100.0% in the 3rd quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 200 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Sempra by 100.0% in the third 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. Finally, Spire Wealth Management increased its stake in shares of Sempra by 85.6% during the third quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity at Sempra

In other Sempra news, Director Richard J. Mark acquired 1,925 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average price of $77.97 per share, with a total value of $150,092.25. Following the completion of the acquisition, the director now directly owns 5,420 shares in the company, valued at approximately $422,597.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Sempra Trading Down 0.9 %

NYSE:SRE opened at $75.33 on Monday. The business’s 50-day moving average is $73.47 and its two-hundred day moving average is $72.75. The firm has a market capitalization of $47.47 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. Sempra has a 12 month low of $63.75 and a 12 month 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.

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

Sempra Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on SRE shares. Barclays boosted their price objective on shares of Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com lowered shares of Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. LADENBURG THALM/SH SH dropped their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Mizuho lifted their target price on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Morgan Stanley increased their price target on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Get Our Latest Stock Analysis on Sempra

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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