Forsta AP Fonden Has $10.03 Million Stock Holdings in Sempra (NYSE:SRE)

Forsta AP Fonden lifted its stake in shares of Sempra (NYSE:SRE) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,900 shares of the utilities provider’s stock after purchasing an additional 17,600 shares during the period. Forsta AP Fonden’s holdings in Sempra were worth $10,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SRE. Eastern Bank acquired a new position in Sempra during the third quarter worth $28,000. Family Firm Inc. acquired a new position in shares of Sempra during the 2nd quarter worth about $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sempra in the 2nd quarter valued at about $33,000. Financial Connections Group Inc. acquired a new stake in Sempra in the 2nd quarter valued at about $34,000. Finally, SouthState Corp grew its holdings in Sempra by 900.0% during the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the period. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays lifted their price objective on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Evercore ISI lifted their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.55.

Sempra Stock Performance

NYSE SRE opened at $84.38 on Monday. The firm has a 50-day moving average price of $82.90 and a two-hundred day moving average price of $78.22. Sempra has a 12-month low of $66.40 and a 12-month high of $86.57. The company has a market capitalization of $53.17 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.70 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84.

Sempra (NYSE:SRE) last issued its quarterly earnings results 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). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. Analysts anticipate that Sempra will post 4.79 earnings per share for the current year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is presently 54.99%.

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.