Telos Capital Management Inc. Sells 150 Shares of Sempra (NYSE:SRE)

Telos Capital Management Inc. cut its stake in shares of Sempra (NYSE:SRE) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,950 shares of the utilities provider’s stock after selling 150 shares during the quarter. Telos Capital Management Inc.’s holdings in Sempra were worth $220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Capital Advisors LLC increased its holdings in shares of Sempra by 842.9% during the second quarter. Atlas Capital Advisors LLC now owns 264 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 236 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Sempra during the fourth quarter valued at $28,000. PrairieView Partners LLC increased its holdings in shares of Sempra by 100.0% during the third quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Optimum Investment Advisors increased its holdings in shares of Sempra by 100.0% during the third quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Finally, Essex Investment Management Co. LLC increased its holdings in Sempra by 100.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock worth $27,000 after buying an additional 195 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Sempra Stock Up 2.3 %

SRE stock opened at $67.94 on Thursday. 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 stock has a market cap of $42.95 billion, a P/E ratio of 14.18, a PEG ratio of 2.29 and a beta of 0.71. The business’s 50-day moving average price is $70.41 and its 200-day moving average price is $71.51.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Sempra will post 4.83 EPS for the current year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 21st were issued a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 3.65%. Sempra’s payout ratio is currently 51.77%.

Insider Buying and Selling

In related news, EVP Justin Christopher Bird sold 5,063 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.22, for a total value of $360,586.86. Following the transaction, the executive vice president now directly owns 19,712 shares of the company’s stock, valued at approximately $1,403,888.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Karen L. Sedgwick sold 5,158 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $367,301.18. Following the transaction, the chief financial officer now directly owns 43,024 shares of the company’s stock, valued at approximately $3,063,739.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Justin Christopher Bird sold 5,063 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.22, for a total value of $360,586.86. Following the completion of the transaction, the executive vice president now directly owns 19,712 shares in the company, valued at $1,403,888.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,622 shares of company stock valued at $11,089,713. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

SRE has been the subject of several research analyst reports. Barclays lifted their price objective on Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. StockNews.com downgraded Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a report on Wednesday, March 6th. Mizuho reduced their price objective on Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, BMO Capital Markets upgraded Sempra from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $76.00 to $84.00 in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Sempra has a consensus rating of “Moderate Buy” and an average price target of $82.14.

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.