Daymark Wealth Partners LLC Boosts Holdings in Sempra (NYSE:SRE)

Daymark Wealth Partners LLC boosted its position in Sempra (NYSE:SRE) by 37.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,022 shares of the utilities provider’s stock after acquiring an additional 1,631 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Sempra were worth $458,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC raised its holdings in Sempra by 2.8% in the second 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 in the last quarter. Transcend Capital Advisors LLC raised its holdings in Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 136 shares in the last quarter. Marcum Wealth LLC raised its holdings in Sempra by 3.5% in the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 137 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Sempra by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock valued at $2,854,000 after acquiring an additional 147 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Sempra by 4.0% in the second quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Performance

Shares of Sempra stock opened at $83.25 on Friday. The firm’s fifty day simple moving average is $80.88 and its 200-day simple moving average is $76.23. The stock has a market capitalization of $52.46 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.67 and a beta of 0.75. Sempra has a 12 month low of $63.75 and a 12 month 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 announced 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that Sempra will post 4.79 earnings per share for the current 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 issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.98%. Sempra’s payout ratio is 54.99%.

Analysts Set New Price Targets

Several analysts recently weighed in on SRE shares. Bank of America started 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. Evercore ISI raised their price objective on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Barclays raised their price objective on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Morgan Stanley raised their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.42.

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.