Sempra (NYSE:SRE) Shares Sold by Decade Renewable Partners LP

Decade Renewable Partners LP trimmed its position in shares of Sempra (NYSE:SRE) by 48.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,662 shares of the utilities provider’s stock after selling 109,300 shares during the quarter. Sempra makes up 4.3% of Decade Renewable Partners LP’s portfolio, making the stock its 10th biggest holding. Decade Renewable Partners LP’s holdings in Sempra were worth $8,721,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SRE. Perennial Investment Advisors LLC grew its stake in Sempra by 2.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 134 shares during the last quarter. Transcend Capital Advisors LLC increased its stake 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 in the last quarter. Marcum Wealth LLC raised its position in shares of Sempra by 3.5% during the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 137 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Sempra by 0.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock valued at $2,854,000 after buying an additional 147 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Sempra by 4.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the topic of several recent research reports. 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 report on Wednesday. Barclays raised their price target on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Evercore ISI raised 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. LADENBURG THALM/SH SH lowered their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, Bank of America began coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Sempra Stock Performance

NYSE SRE opened at $83.00 on Thursday. The business’s 50-day simple moving average is $80.69 and its 200-day simple moving average is $76.14. The firm has a market capitalization of $52.30 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.67 and a beta of 0.75. Sempra has a 1-year low of $63.75 and a 1-year high of $84.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41.

Sempra (NYSE:SRE) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue was down 9.7% compared to the same quarter last year. Equities analysts predict that Sempra will post 4.79 EPS for the current year.

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is 54.99%.

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.