Sempra (NYSE:SRE) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in Sempra (NYSE:SRE) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,896 shares of the utilities provider’s stock after selling 675 shares during the quarter. Intech Investment Management LLC’s holdings in Sempra were worth $3,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Sempra by 8.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,812 shares of the utilities provider’s stock worth $11,525,000 after purchasing an additional 10,519 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Sempra by 3.5% in the 3rd quarter. Jennison Associates LLC now owns 1,840,876 shares of the utilities provider’s stock valued at $153,952,000 after purchasing an additional 63,000 shares during the period. Prospera Private Wealth LLC purchased a new stake in Sempra during the third quarter worth $88,000. PNC Financial Services Group Inc. grew its position in Sempra by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock valued at $29,865,000 after buying an additional 6,709 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Sempra in the third quarter valued at $5,565,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group started coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Evercore ISI upped their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Sempra has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Sempra Price Performance

Sempra stock opened at $94.27 on Friday. The company has a fifty day simple moving average of $85.66 and a 200-day simple moving average of $80.69. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.60 and a beta of 0.75. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a 52-week low of $66.40 and a 52-week high of $95.29.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue was down 16.7% on a year-over-year basis. On average, equities analysts anticipate that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.63%. Sempra’s payout ratio is 54.63%.

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.