Fifth Third Wealth Advisors LLC Has $1.49 Million Stock Holdings in Sempra (NYSE:SRE)

Fifth Third Wealth Advisors LLC lifted its stake in shares of Sempra (NYSE:SRE) by 15.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,754 shares of the utilities provider’s stock after acquiring an additional 2,441 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Sempra were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SRE. Eastern Bank acquired a new position in shares of Sempra in the 3rd quarter worth approximately $28,000. Hollencrest Capital Management lifted its holdings 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 buying an additional 270 shares during the period. Family Firm Inc. bought a new stake in Sempra during the second quarter valued at $30,000. Ashton Thomas Private Wealth LLC bought a new stake in Sempra during the second quarter valued at $33,000. Finally, Financial Connections Group Inc. acquired a new stake in Sempra during the 2nd quarter worth about $34,000. 89.65% of the stock is currently owned by institutional investors.

Sempra Stock Up 0.5 %

Shares of NYSE:SRE opened at $93.37 on Wednesday. The company has a market capitalization of $59.14 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. Sempra has a 1 year low of $66.40 and a 1 year high of $93.44. 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 has a fifty day moving average price of $84.94 and a two-hundred day moving average price of $80.30.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.08 EPS. Analysts forecast that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI boosted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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 began coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Finally, Morgan Stanley increased their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. One research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Sempra 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.