Sempra (NYSE:SRE) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Sempra (NYSE:SRE) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,403,884 shares of the utilities provider’s stock after purchasing an additional 48,050 shares during the period. Envestnet Asset Management Inc.’s holdings in Sempra were worth $106,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Transcend Capital Advisors LLC boosted its holdings in shares of Sempra by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 136 shares during the last quarter. Marcum Wealth LLC grew its holdings in Sempra by 3.5% in the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after buying an additional 137 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of Sempra by 3.4% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,335 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Sempra by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after acquiring 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 worth $289,000 after acquiring an additional 147 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRE has been the subject of several recent analyst reports. Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. Morgan Stanley lifted their price target on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Barclays increased their price objective on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. BMO Capital Markets lifted their target price on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, LADENBURG THALM/SH SH lowered their price target on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. One investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Sempra Price Performance

SRE opened at $83.60 on Tuesday. The stock’s 50-day moving average price is $79.86 and its 200 day moving average price is $75.60. Sempra has a 12-month low of $63.75 and a 12-month high of $84.29. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.84 and a beta of 0.75. The company has a current ratio of 0.46, a quick ratio of 0.41 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). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. As a group, sell-side analysts expect that Sempra will post 4.79 earnings per share for the current year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be paid a $0.62 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.97%. Sempra’s dividend payout ratio (DPR) is 54.93%.

About Sempra

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.