Sempra (NYSE:SRE) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Sempra (NYSE:SREFree Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,260,481 shares of the utilities provider’s stock after purchasing an additional 33,965 shares during the period. Envestnet Asset Management Inc. owned about 0.20% of Sempra worth $94,196,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Crestline Management LP grew its stake in shares of Sempra by 14.0% in the fourth quarter. Crestline Management LP now owns 119,174 shares of the utilities provider’s stock worth $8,906,000 after acquiring an additional 14,674 shares in the last quarter. Ausbil Investment Management Ltd increased its holdings in Sempra by 13.5% during the 4th quarter. Ausbil Investment Management Ltd now owns 172,129 shares of the utilities provider’s stock worth $12,863,000 after purchasing an additional 20,469 shares during the period. Kingsview Wealth Management LLC raised its position in Sempra by 932.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 43,848 shares of the utilities provider’s stock valued at $3,277,000 after purchasing an additional 39,600 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Sempra during the fourth quarter worth about $9,715,000. Finally, D.A. Davidson & CO. increased its stake in shares of Sempra by 14.4% during the fourth quarter. D.A. Davidson & CO. now owns 41,202 shares of the utilities provider’s stock worth $3,079,000 after buying an additional 5,197 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Trading Down 0.9 %

Shares of SRE stock opened at $75.33 on Monday. The company has a market capitalization of $47.47 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $73.47 and its two-hundred day moving average is $72.75. Sempra has a twelve month low of $63.75 and a twelve month high of $78.83.

Sempra (NYSE:SREGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 EPS 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 analysts’ expectations of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. The firm’s quarterly revenue was down 44.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. Equities analysts forecast that Sempra will post 4.8 EPS for the current year.

Sempra Announces Dividend

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 issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 annualized dividend and a dividend yield of 3.29%. Sempra’s dividend payout ratio is currently 54.93%.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Barclays boosted their target price on shares of Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price target on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price target on shares of Sempra in a research note on Wednesday, March 6th. One equities research 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, Sempra has an average rating of “Moderate Buy” and an average price target of $82.00.

Read Our Latest Stock Analysis on Sempra

Insider Activity at Sempra

In other Sempra news, Director Richard J. Mark bought 1,925 shares of Sempra stock in a transaction on Friday, May 17th. The stock was bought 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 owns 5,420 shares in the company, valued at $422,597.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

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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