West Wealth Group LLC Has $913,000 Holdings in Sempra (NYSE:SRE)

West Wealth Group LLC decreased its stake in Sempra (NYSE:SRE) by 7.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,404 shares of the utilities provider’s stock after selling 820 shares during the period. West Wealth Group LLC’s holdings in Sempra were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRE. Private Advisor Group LLC raised its stake in Sempra by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock worth $731,000 after buying an additional 139 shares during the period. LVM Capital Management Ltd. MI increased its holdings in shares of Sempra by 2.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock worth $586,000 after acquiring an additional 155 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Sempra by 0.3% during the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock worth $3,890,000 after purchasing an additional 158 shares during the period. CX Institutional lifted its holdings in shares of Sempra by 5.5% during the 3rd quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 161 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Sempra by 4.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 163 shares during the period. Institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays dropped their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday. Jefferies Financial Group initiated coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets upped their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Sempra presently has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Down 0.0 %

Sempra stock opened at $82.78 on Monday. 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 company’s 50-day moving average is $87.72 and its 200-day moving average is $84.22. The firm has a market capitalization of $52.43 billion, a PE ratio of 18.23, a P/E/G ratio of 2.10 and a beta of 0.78. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77.

Sempra (NYSE:SRE) last released its quarterly earnings data 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). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The business’s quarterly revenue was down 16.7% on a year-over-year basis. Sell-side analysts anticipate that Sempra will post 4.77 earnings per share for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 3.00%. Sempra’s dividend payout ratio (DPR) is currently 54.63%.

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.