Sempra (NYSE:SRE) Holdings Lowered by Von Berge Wealth Management Group LLC

Von Berge Wealth Management Group LLC trimmed its stake in shares of Sempra (NYSE:SRE) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,344 shares of the utilities provider’s stock after selling 271 shares during the period. Von Berge Wealth Management Group LLC’s holdings in Sempra were worth $295,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SRE. Bessemer Group Inc. lifted its holdings in shares of Sempra by 8.3% during the first quarter. Bessemer Group Inc. now owns 9,034 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 690 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Sempra by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 346,807 shares of the utilities provider’s stock worth $24,910,000 after acquiring an additional 20,486 shares in the last quarter. Bayesian Capital Management LP lifted its stake in Sempra by 46.0% in the 1st quarter. Bayesian Capital Management LP now owns 91,426 shares of the utilities provider’s stock worth $6,567,000 after acquiring an additional 28,800 shares in the last quarter. BTG Pactual Global Asset Management Ltd lifted its stake in Sempra by 12.5% in the 1st quarter. BTG Pactual Global Asset Management Ltd now owns 47,816 shares of the utilities provider’s stock worth $3,435,000 after acquiring an additional 5,298 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Sempra by 36.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,766 shares of the utilities provider’s stock worth $945,000 after acquiring an additional 3,658 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SRE shares. Barclays increased their price objective on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley increased their price objective on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Bank of America assumed coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One investment 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, Sempra presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Sempra Stock Performance

Shares of NYSE SRE opened at $94.27 on Friday. 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 firm has a market cap of $59.71 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 2.60 and a beta of 0.75. The business’s 50-day simple moving average is $85.66 and its 200-day simple moving average is $80.69. Sempra has a 52 week low of $66.40 and a 52 week high of $95.29.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business’s revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. As a group, equities research analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, December 5th. Sempra’s dividend payout ratio is 54.63%.

Insider Buying and Selling at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

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.