Sempra (NYSE:SRE) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its position in Sempra (NYSE:SRE) by 46.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,647 shares of the utilities provider’s stock after selling 3,187 shares during the period. SeaCrest Wealth Management LLC’s holdings in Sempra were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Sempra

In other news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the transaction, the chief accounting officer now directly owns 14,751 shares of the company’s stock, valued at $1,107,357.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total transaction of $457,927.00. Following the transaction, the chief accounting officer now owns 14,751 shares in the company, valued at approximately $1,107,357.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard J. Mark acquired 1,925 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of $77.97 per share, with a total value of $150,092.25. Following the acquisition, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Sempra Stock Up 0.0 %

SRE stock opened at $75.18 on Thursday. Sempra has a 52 week low of $63.75 and a 52 week high of $78.83. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87. The firm has a 50-day simple moving average of $75.36 and a 200-day simple moving average of $72.98. The stock has a market capitalization of $47.37 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.61 and a beta of 0.74.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 EPS for the quarter, missing the consensus estimate 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%. Sempra’s quarterly revenue was down 44.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. Equities analysts forecast that Sempra will post 4.8 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 annualized dividend and a yield of 3.30%. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SRE shares. Mizuho lifted their price objective on Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays lifted their price target on Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. LADENBURG THALM/SH SH dropped their price objective on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Morgan Stanley decreased their target price on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of Sempra in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.10.

Sempra 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.