Kestra Private Wealth Services LLC grew its holdings in shares of Sempra (NYSE:SRE – Get Rating) by 80.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,284 shares of the utilities provider’s stock after buying an additional 2,357 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Sempra were worth $888,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Stratos Wealth Advisors LLC grew its stake in Sempra by 2.5% during the first quarter. Stratos Wealth Advisors LLC now owns 2,586 shares of the utilities provider’s stock worth $435,000 after buying an additional 63 shares during the period. Tiedemann Advisors LLC lifted its position in shares of Sempra by 0.9% during the first quarter. Tiedemann Advisors LLC now owns 7,897 shares of the utilities provider’s stock worth $1,336,000 after purchasing an additional 67 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Sempra by 0.8% during the first quarter. Advisor Partners LLC now owns 8,491 shares of the utilities provider’s stock worth $1,427,000 after purchasing an additional 70 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC lifted its position in shares of Sempra by 2.3% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 3,212 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 71 shares in the last quarter. Finally, Jeppson Wealth Management LLC lifted its position in shares of Sempra by 1.0% during the first quarter. Jeppson Wealth Management LLC now owns 8,287 shares of the utilities provider’s stock worth $1,393,000 after purchasing an additional 80 shares in the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Stock Down 1.4 %
SRE stock opened at $168.44 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.73. Sempra has a 1-year low of $119.56 and a 1-year high of $176.47. The firm has a fifty day moving average price of $163.55 and a two-hundred day moving average price of $160.55. The firm has a market cap of $52.94 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 3.44 and a beta of 0.67.
Sempra (NYSE:SRE – Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.23. Sempra had a net margin of 8.84% and a return on equity of 11.01%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. Research analysts predict that Sempra will post 8.65 EPS for the current year.
Sempra Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 23rd will be paid a dividend of $1.145 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $4.58 annualized dividend and a yield of 2.72%. Sempra’s payout ratio is 128.29%.
Analysts Set New Price Targets
A number of research firms have recently commented on SRE. Wells Fargo & Company boosted their target price on shares of Sempra from $184.00 to $189.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of Sempra from $160.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Barclays reduced their target price on shares of Sempra from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. The Goldman Sachs Group raised shares of Sempra from a “neutral” rating to a “buy” rating and upped their price target for the company from $164.00 to $167.00 in a report on Wednesday, July 6th. Finally, Bank of America raised shares of Sempra from a “neutral” rating to a “buy” rating in a report on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.11.
Sempra Company Profile
Sempra operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.
See Also
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