Sempra (NYSE:SRE) Shares Purchased by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Sempra (NYSE:SRE) by 48.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,944 shares of the utilities provider’s stock after purchasing an additional 11,458 shares during the period. Profund Advisors LLC’s holdings in Sempra were worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SRE. Wellington Management Group LLP raised its position in shares of Sempra by 12.1% during the 4th quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock worth $2,026,969,000 after buying an additional 2,917,668 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Sempra by 1.9% during the 1st quarter. Clearbridge Investments LLC now owns 12,578,779 shares of the utilities provider’s stock worth $903,534,000 after buying an additional 233,819 shares in the last quarter. Perpetual Ltd raised its position in shares of Sempra by 4.8% during the 1st quarter. Perpetual Ltd now owns 2,891,026 shares of the utilities provider’s stock worth $207,662,000 after buying an additional 133,119 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Sempra by 4.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,629,015 shares of the utilities provider’s stock worth $196,466,000 after buying an additional 116,297 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Sempra by 2.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock worth $182,158,000 after buying an additional 48,592 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Stock Performance

SRE stock opened at $83.18 on Monday. 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 $52.42 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 2.65 and a beta of 0.75. Sempra has a 12 month low of $63.75 and a 12 month high of $84.29. The firm has a 50 day moving average of $80.40 and a two-hundred day moving average of $75.96.

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

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Thursday, September 26th. Sempra’s payout ratio is 54.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SRE. Bank of America began coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. Morgan Stanley boosted 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. BMO Capital Markets lifted their target price on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. LADENBURG THALM/SH SH dropped their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. 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 research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Sempra has an average rating of “Moderate Buy” and an average price target of $85.00.

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.