Stonegate Investment Group LLC Sells 329 Shares of Sempra (NYSE:SRE)

Stonegate Investment Group LLC lowered its position in shares of Sempra (NYSE:SREFree Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,815 shares of the utilities provider’s stock after selling 329 shares during the quarter. Stonegate Investment Group LLC’s holdings in Sempra were worth $733,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisors Capital Management LLC grew its stake in shares of Sempra by 5.4% in the third quarter. Advisors Capital Management LLC now owns 1,468 shares of the utilities provider’s stock worth $228,000 after acquiring an additional 75 shares during the last quarter. Plancorp LLC increased its stake in Sempra by 4.7% during the 1st quarter. Plancorp LLC now owns 1,992 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 90 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in Sempra by 1.2% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 9,326 shares of the utilities provider’s stock valued at $1,410,000 after purchasing an additional 113 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Sempra by 5.4% in the fourth quarter. Evergreen Capital Management LLC now owns 2,319 shares of the utilities provider’s stock worth $361,000 after buying an additional 118 shares during the last quarter. Finally, Wealthsource Partners LLC lifted its stake in shares of Sempra by 5.6% in the second quarter. Wealthsource Partners LLC now owns 2,264 shares of the utilities provider’s stock worth $330,000 after buying an additional 120 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. LADENBURG THALM/SH SH initiated coverage on Sempra in a research note on Wednesday, January 3rd. They set a “buy” rating and a $81.50 target price on the stock. BMO Capital Markets raised shares of Sempra from a “market perform” rating to an “outperform” rating and raised their price target for the company from $76.00 to $84.00 in a report on Thursday, January 11th. Mizuho decreased their price objective on shares of Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, January 25th. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Morgan Stanley increased their price target on Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Sempra has a consensus rating of “Moderate Buy” and a consensus price target of $82.14.

Read Our Latest Research Report on Sempra

Sempra Stock Performance

SRE stock opened at $71.80 on Wednesday. The firm has a market cap of $45.39 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 2.99 and a beta of 0.71. Sempra has a twelve month low of $63.75 and a twelve month high of $79.51. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $70.71 and its two-hundred day simple moving average is $71.63.

Sempra (NYSE:SREGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $4.01 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. Analysts predict that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, March 20th. This is a positive change from Sempra’s previous quarterly dividend of $0.60. Sempra’s dividend payout ratio is currently 51.77%.

Insider Transactions at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 57,571 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the sale, the vice president now owns 10,922 shares of the company’s stock, valued at approximately $770,983.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Trevor I. Mihalik sold 57,571 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total value of $4,063,936.89. Following the transaction, the vice president now owns 10,922 shares in the company, valued at approximately $770,983.98. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey W. Martin sold 50,703 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total transaction of $3,595,856.76. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $141.84. The disclosure for this sale can be found here. Insiders sold 156,622 shares of company stock valued at $11,089,713 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Sempra Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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