Sempra (NYSE:SRE) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Sempra (NYSE:SRE) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,651 shares of the utilities provider’s stock after purchasing an additional 3,296 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Sempra were worth $3,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Sempra during the second quarter valued at about $30,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sempra during the 2nd quarter worth approximately $33,000. Financial Connections Group Inc. acquired a new stake in Sempra in the 2nd quarter valued at approximately $34,000. SouthState Corp raised its position in 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 purchasing an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Sempra during the second quarter worth $39,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Trading Down 0.5 %

NYSE SRE opened at $82.51 on Friday. Sempra has a 52 week low of $63.75 and a 52 week high of $84.29. The firm has a 50 day moving average of $80.27 and a two-hundred day moving average of $75.80. 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 stock has a market capitalization of $52.24 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm 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 business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, research analysts expect that Sempra will post 4.79 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI boosted their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. BMO Capital Markets boosted their price target on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Barclays increased their price target on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Sempra from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.