Sempra (NYSE:SRE) VP Trevor I. Mihalik Sells 23,713 Shares

Sempra (NYSE:SRE) 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 value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sempra Price Performance

NYSE SRE opened at $93.12 on Thursday. Sempra has a 1 year low of $66.40 and a 1 year high of $93.90. The stock has a market capitalization of $58.98 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The business’s fifty day moving average is $85.18 and its two-hundred day moving average is $80.39.

Sempra (NYSE:SRE) last released 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 company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS. On average, research analysts forecast that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley raised their price target on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America assumed coverage on shares of Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. Barclays increased their price objective on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Sempra has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Institutional Investors Weigh In On Sempra

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after buying an additional 1,582,653 shares in the last quarter. State Street Corp boosted its holdings in shares of Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Sempra by 6.9% during the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after purchasing an additional 874,133 shares during the last quarter. Zimmer Partners LP increased its position in Sempra by 96.9% in the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock valued at $117,528,000 after acquiring an additional 805,084 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Sempra by 201.2% in the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock valued at $51,882,000 after purchasing an additional 414,406 shares in the last quarter. Institutional investors and hedge funds own 89.65% 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.