Everpar Advisors LLC Has $459,000 Stock Holdings in Sempra (NYSE:SRE)

Everpar Advisors LLC lowered its stake in Sempra (NYSE:SRE) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,233 shares of the utilities provider’s stock after selling 393 shares during the period. Everpar Advisors LLC’s holdings in Sempra were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank acquired a new stake in shares of Sempra during the 3rd quarter valued at $28,000. Hollencrest Capital Management raised its position in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 285 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Sempra by 35.5% in the third quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock valued at $62,000 after buying an additional 194 shares during the period. Institutional investors own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Evercore ISI lifted their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.60.

Sempra Stock Up 1.9 %

Shares of NYSE:SRE opened at $84.03 on Friday. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The business’s 50-day moving average is $88.74 and its 200-day moving average is $83.72. The company has a market capitalization of $53.22 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.00 and a beta of 0.78.

Sempra (NYSE:SRE) last issued its quarterly earnings results 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). The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. Sempra’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Equities research analysts predict that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Insider Buying and Selling at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.27% of the company’s stock.

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.