ASB Consultores LLC Sells 1,018 Shares of Sempra (NYSE:SRE)

ASB Consultores LLC cut its position in shares of Sempra (NYSE:SRE) by 20.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,857 shares of the utilities provider’s stock after selling 1,018 shares during the quarter. ASB Consultores LLC’s holdings in Sempra were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRE. Family Firm Inc. acquired a new position in Sempra during the 2nd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC bought a new position in Sempra in the second quarter valued at $33,000. Financial Connections Group Inc. bought a new position in Sempra in the second quarter valued at $34,000. SouthState Corp increased its stake in Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock valued at $36,000 after buying an additional 423 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Sempra during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of a number of recent research reports. Barclays lifted their target price on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Evercore ISI upped their price objective on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley raised their target price on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Finally, BMO Capital Markets lifted their price objective on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sempra presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Sempra Stock Performance

NYSE SRE opened at $83.17 on Friday. Sempra has a 52-week low of $63.75 and a 52-week high of $84.29. The stock has a market cap of $52.66 billion, a PE ratio of 18.42, a P/E/G ratio of 2.65 and a beta of 0.75. The firm has a 50-day moving average of $80.40 and a 200-day moving average of $75.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46.

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

Sempra Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.98%. Sempra’s payout ratio is presently 54.93%.

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.