Allspring Global Investments Holdings LLC reduced its holdings in Sempra (NYSE:SRE – Free Report) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 294,002 shares of the utilities provider’s stock after selling 13,342 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sempra were worth $24,587,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. grew its position in shares of Sempra by 55.1% during the 1st quarter. Sunbelt Securities Inc. now owns 6,676 shares of the utilities provider’s stock worth $480,000 after buying an additional 2,372 shares during the period. Brookstone Capital Management increased its stake in Sempra by 7.8% in the first quarter. Brookstone Capital Management now owns 3,038 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 220 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Sempra by 12.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 123,275 shares of the utilities provider’s stock worth $8,855,000 after purchasing an additional 13,986 shares during the period. Congress Park Capital LLC acquired a new position in shares of Sempra in the 1st quarter valued at $212,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Sempra in the 1st quarter valued at $264,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Sempra Price Performance
NYSE:SRE opened at $85.96 on Thursday. 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 firm has a fifty day simple moving average of $82.69 and a 200 day simple moving average of $77.97. Sempra has a 1-year low of $66.40 and a 1-year high of $86.13. The stock has a market capitalization of $54.17 billion, a PE ratio of 19.06, a P/E/G ratio of 2.73 and a beta of 0.75.
Sempra Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were paid a $0.62 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.48 annualized dividend and a yield of 2.89%. Sempra’s dividend payout ratio is 54.99%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on SRE shares. Bank of America began coverage on Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Morgan Stanley lifted their price target on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays raised their price objective on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets increased their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Evercore ISI boosted their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.
Check Out Our Latest Research Report on SRE
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.
Recommended Stories
- Five stocks we like better than Sempra
- Stock Splits, Do They Really Impact Investors?
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Stock Analyst Ratings and Canadian Analyst Ratings
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.