LifeSteps Financial Inc. bought a new stake in shares of Sempra (NYSE:SRE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,564 shares of the utilities provider’s stock, valued at approximately $214,000.
Other large investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Sempra during the 2nd quarter worth about $30,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sempra in the 2nd quarter valued at approximately $33,000. Financial Connections Group Inc. purchased a new stake in shares of Sempra in the 2nd quarter valued at approximately $34,000. SouthState Corp boosted its stake in Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 423 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Sempra during the 2nd quarter worth approximately $39,000. 89.65% of the stock is currently owned by institutional investors.
Sempra Stock Up 0.0 %
SRE stock traded up $0.01 during trading hours on Thursday, hitting $85.67. The company’s stock had a trading volume of 731,079 shares, compared to its average volume of 2,849,232. The stock has a 50 day moving average price of $81.99 and a two-hundred day moving average price of $77.46. Sempra has a 12 month low of $66.40 and a 12 month high of $85.92. The company has a market capitalization of $53.98 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84.
Sempra Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, September 26th. Sempra’s dividend payout ratio is 54.99%.
Analysts Set New Price Targets
Several analysts have recently commented on SRE shares. Bank of America started coverage on Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Morgan Stanley raised their price objective on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays lifted their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets increased their price target on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Finally, Evercore ISI boosted their price objective on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.20.
Read Our Latest Analysis on Sempra
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.
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