One Degree Advisors Inc Sells 182 Shares of Sempra (NYSE:SRE)

One Degree Advisors Inc cut its holdings in Sempra (NYSE:SRE) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,308 shares of the utilities provider’s stock after selling 182 shares during the period. Sempra comprises 0.5% of One Degree Advisors Inc’s holdings, making the stock its 27th largest holding. One Degree Advisors Inc’s holdings in Sempra were worth $1,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SRE. Family Firm Inc. purchased a new stake in Sempra in the 2nd quarter worth about $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sempra during the 2nd quarter worth approximately $33,000. Financial Connections Group Inc. purchased a new position in Sempra during the 2nd quarter valued at $34,000. SouthState Corp boosted its holdings in Sempra by 900.0% during the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Sempra in the 2nd quarter valued at $39,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Stock Up 0.5 %

NYSE:SRE opened at $85.96 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. The stock has a market capitalization of $54.17 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.64 and a beta of 0.75. The company’s 50-day simple moving average is $82.30 and its 200-day simple moving average is $77.71. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $86.13.

Sempra (NYSE:SRE) last released 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). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.89%. Sempra’s dividend payout ratio (DPR) is currently 54.99%.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America started coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. Evercore ISI lifted their target price on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. BMO Capital Markets raised their price target on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Finally, Barclays upped their price objective on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and an average target price of $86.20.

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.