Evergreen Capital Management LLC Acquires 957 Shares of Sempra (NYSE:SRE)

Evergreen Capital Management LLC increased its stake in shares of Sempra (NYSE:SRE) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,792 shares of the utilities provider’s stock after acquiring an additional 957 shares during the quarter. Evergreen Capital Management LLC’s holdings in Sempra were worth $598,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sempra by 30.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,575 shares of the utilities provider’s stock valued at $2,957,000 after buying an additional 9,279 shares during the period. TD Asset Management Inc increased its holdings in shares of Sempra by 4.6% during the fourth quarter. TD Asset Management Inc now owns 249,374 shares of the utilities provider’s stock valued at $18,636,000 after acquiring an additional 10,874 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Sempra by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 279,668 shares of the utilities provider’s stock worth $20,900,000 after purchasing an additional 2,730 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of Sempra by 386,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,865 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new stake in Sempra in the 4th quarter valued at $1,785,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley raised their price target on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday. Bank of America started coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price target for the company. LADENBURG THALM/SH SH dropped their target price on Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Barclays upped their price target on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Sempra Trading Down 0.0 %

Shares of Sempra stock opened at $83.00 on Thursday. The firm has a market cap of $52.30 billion, a PE ratio of 18.40, a P/E/G ratio of 2.67 and a beta of 0.75. Sempra has a 1 year low of $63.75 and a 1 year high of $84.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The stock has a fifty day moving average price of $80.69 and a 200-day moving average price of $76.14.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the firm posted $0.94 EPS. The business’s revenue was down 9.7% on a year-over-year basis. Equities research analysts anticipate that Sempra will post 4.79 EPS for the current year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, September 26th. Sempra’s dividend payout ratio is currently 54.99%.

Sempra Company Profile

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.