Sempra (NYSE:SRE – Get Free Report) Director Pablo Ferrero bought 2,600 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $70.96 per share, with a total value of $184,496.00. Following the transaction, the director now directly owns 15,649 shares in the company, valued at $1,110,453.04. This trade represents a 19.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Sempra Stock Performance
Shares of NYSE:SRE traded up $0.82 on Monday, hitting $71.03. The company had a trading volume of 4,759,420 shares, compared to its average volume of 3,290,707. The stock has a market cap of $46.27 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 2.19 and a beta of 0.76. The stock has a 50 day moving average price of $79.31 and a 200 day moving average price of $83.92. Sempra has a 1-year low of $64.89 and a 1-year high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.
Sempra (NYSE:SRE – Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $4.73 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 earnings per share. Analysts expect that Sempra will post 4.76 EPS for the current year.
Sempra Increases Dividend
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Guggenheim reduced their target price on shares of Sempra from $95.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered shares of Sempra from a “buy” rating to a “neutral” rating and reduced their price target for the company from $99.00 to $76.00 in a research report on Wednesday, February 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a $77.00 price objective (down previously from $96.00) on shares of Sempra in a report on Monday, March 3rd. UBS Group downgraded Sempra from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $95.00 to $78.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley dropped their price target on Sempra from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.
Check Out Our Latest Report on SRE
Institutional Trading of Sempra
Large investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its stake in Sempra by 5.4% in the 4th quarter. Lindbrook Capital LLC now owns 2,410 shares of the utilities provider’s stock valued at $211,000 after purchasing an additional 124 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Sempra by 1.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider’s stock valued at $719,000 after acquiring an additional 124 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of Sempra by 5.1% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,585 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 125 shares in the last quarter. MJP Associates Inc. ADV grew its position in Sempra by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider’s stock worth $543,000 after acquiring an additional 125 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its holdings in Sempra by 5.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 126 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Sempra
- ETF Screener: Uses and Step-by-Step Guide
- Can TikTok Stock Picks Really Make You Rich?
- What is a buyback in stocks? A comprehensive guide for investors
- The “Quality” Rotation: Back to Basics Investing
- What Does a Stock Split Mean?
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.