Sempra (NYSE:SRE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Sempra (NYSE:SRE) by 4.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 300,977 shares of the utilities provider’s stock after selling 14,812 shares during the quarter. Sei Investments Co.’s holdings in Sempra were worth $22,892,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Perennial Investment Advisors LLC raised its stake in shares of Sempra by 2.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 134 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after buying an additional 136 shares during the period. Marcum Wealth LLC boosted its position in shares of Sempra by 3.5% in the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after buying an additional 137 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Sempra by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after buying an additional 147 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Sempra by 4.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after buying an additional 147 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Price Performance

Shares of NYSE SRE opened at $83.02 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $52.31 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.75. Sempra has a twelve month low of $63.75 and a twelve month high of $84.38. The business has a 50 day simple moving average of $80.69 and a 200-day simple moving average of $76.14.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, equities research analysts expect that Sempra will post 4.79 earnings per share for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is 54.99%.

Analyst Ratings Changes

SRE has been the subject of several recent research reports. LADENBURG THALM/SH SH lowered their price objective on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Morgan Stanley raised their price target on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Evercore ISI boosted their price objective on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barclays raised their target price on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, BMO Capital Markets boosted their price target on Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.