Sempra (NYSE:SRE) Shares Bought by Cable Hill Partners LLC

Cable Hill Partners LLC lifted its stake in shares of Sempra (NYSE:SRE) by 15.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,887 shares of the utilities provider’s stock after purchasing an additional 515 shares during the quarter. Cable Hill Partners LLC’s holdings in Sempra were worth $327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Sempra in the third quarter valued at about $28,000. Hollencrest Capital Management lifted its position in shares of Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares during the period. Family Firm Inc. purchased a new stake in shares of Sempra during the 2nd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra in the 2nd quarter worth approximately $33,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Sempra in the 2nd quarter worth approximately $34,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRE has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their price target on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective 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. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. Finally, Barclays upped their price target on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Sempra Price Performance

Sempra stock opened at $92.19 on Thursday. The stock has a market capitalization of $58.39 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.94 and a beta of 0.75. Sempra has a 12-month low of $66.40 and a 12-month high of $93.12. 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 firm’s 50-day moving average is $83.99 and its two-hundred day moving average is $79.60.

Sempra (NYSE:SRE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm’s revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Equities analysts predict that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a $0.62 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.69%. Sempra’s payout ratio is currently 54.63%.

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.