Sempra (NYSE:SRE) Shares Bought by UMB Bank n.a.

UMB Bank n.a. grew its position in shares of Sempra (NYSE:SRE) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,007 shares of the utilities provider’s stock after purchasing an additional 434 shares during the quarter. UMB Bank n.a.’s holdings in Sempra were worth $1,088,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Family Firm Inc. purchased a new position in Sempra during the 2nd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra in the second quarter valued at approximately $33,000. Financial Connections Group Inc. purchased a new position in shares of Sempra during the second quarter worth approximately $34,000. SouthState Corp increased its holdings in shares of Sempra by 900.0% in 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 acquired a new position in shares of Sempra in the 2nd quarter valued at $39,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Trading Up 1.0 %

Shares of SRE stock opened at $82.16 on Friday. Sempra has a 1-year low of $66.40 and a 1-year high of $84.47. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The business’s fifty day moving average price is $81.59 and its 200 day moving average price is $77.14. The firm has a market capitalization of $51.77 billion, a PE ratio of 18.22, a P/E/G ratio of 2.59 and a beta of 0.75.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company 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% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, sell-side analysts forecast that Sempra will post 4.79 EPS for the current fiscal year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 3.02%. The ex-dividend date is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is 54.99%.

Wall Street Analysts Forecast Growth

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

Sempra Company 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.