Sempra (NYSE:SRE) Shares Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. boosted its position in shares of Sempra (NYSE:SRE) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,896 shares of the utilities provider’s stock after purchasing an additional 708 shares during the quarter. Centaurus Financial Inc.’s holdings in Sempra were worth $601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in Sempra during the 2nd quarter valued at about $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sempra during the 2nd quarter worth approximately $33,000. Financial Connections Group Inc. acquired a new position in shares of Sempra in the second quarter worth $34,000. SouthState Corp raised its position in shares of Sempra by 900.0% in the second 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 purchased a new stake in Sempra in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley lifted their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Evercore ISI upped their price target on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays boosted their target price on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America started coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.27.

Sempra Stock Up 0.1 %

Shares of NYSE:SRE opened at $82.60 on Friday. The company has a 50 day moving average of $81.48 and a two-hundred day moving average of $76.74. Sempra has a 52-week low of $64.29 and a 52-week high of $84.47. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $52.05 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, analysts forecast that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

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 issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio is presently 54.99%.

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.