Sempra (NYSE:SRE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in Sempra (NYSE:SREFree Report) by 93.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,904 shares of the utilities provider’s stock after selling 59,155 shares during the period. Marshall Wace LLP’s holdings in Sempra were worth $297,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC lifted its position in shares of Sempra by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after acquiring an additional 134 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Sempra by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 136 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of Sempra by 3.5% during the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 137 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Sempra by 4.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 147 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich raised its stake in Sempra by 1.2% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 12,558 shares of the utilities provider’s stock valued at $955,000 after purchasing an additional 152 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Stock Up 1.0 %

SRE stock opened at $82.16 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a 52-week low of $66.40 and a 52-week high of $84.47. The company has a 50-day moving average of $81.59 and a two-hundred day moving average of $77.14. The stock has a market capitalization of $51.77 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Sempra will post 4.79 EPS for the current year.

Sempra Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s payout ratio is presently 54.99%.

Analyst Ratings Changes

Several analysts have issued reports on SRE shares. BMO Capital Markets boosted their target price on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Evercore ISI boosted their target price on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Barclays upped their price target on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

View Our Latest Stock Analysis on Sempra

Sempra 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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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