Crestwood Advisors Group LLC Has $430,000 Position in Sempra (NYSE:SRE)

Crestwood Advisors Group LLC grew its stake in Sempra (NYSE:SRE) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the utilities provider’s stock after purchasing an additional 179 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Sempra were worth $430,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Crews Bank & Trust bought a new position in Sempra in the 4th quarter valued at about $26,000. Human Investing LLC acquired a new stake in Sempra during the 4th quarter worth approximately $31,000. Hollencrest Capital Management boosted its position in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the period. ST Germain D J Co. Inc. boosted its position in Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, LRI Investments LLC boosted its position in Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after buying an additional 285 shares during the period. 89.65% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the sale, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Barclays cut their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $91.20.

Sempra Price Performance

NYSE SRE opened at $70.67 on Wednesday. The company has a market capitalization of $44.76 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.19 and a beta of 0.78. 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 stock has a 50-day moving average of $83.96 and a 200 day moving average of $84.93. Sempra has a one year low of $64.89 and a one year high of $95.77.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. On average, sell-side analysts forecast that Sempra will post 4.76 EPS for the current year.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 20th will be paid a $0.645 dividend. This is an increase from Sempra’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a yield of 3.65%. Sempra’s payout ratio is presently 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.