UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $363.15 Million Holdings in Sempra (NYSE:SRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Sempra (NYSE:SRE) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 4,342,393 shares of the utilities provider’s stock after selling 26,635 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sempra were worth $363,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sempra by 5.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 265,005 shares of the utilities provider’s stock worth $22,162,000 after purchasing an additional 12,779 shares during the period. CreativeOne Wealth LLC lifted its position in Sempra by 240.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 10,247 shares of the utilities provider’s stock worth $857,000 after buying an additional 7,240 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Sempra by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,393 shares of the utilities provider’s stock worth $3,462,000 after buying an additional 305 shares in the last quarter. Townsquare Capital LLC lifted its position in Sempra by 45.2% during the 3rd quarter. Townsquare Capital LLC now owns 31,337 shares of the utilities provider’s stock worth $2,621,000 after buying an additional 9,758 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Sempra by 1.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 881,364 shares of the utilities provider’s stock worth $73,708,000 after buying an additional 13,077 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

SRE has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America initiated coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Barclays upped their target price on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company upped their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Stock Up 1.1 %

Sempra stock opened at $94.28 on Friday. The stock has a market cap of $59.72 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.59 and a beta of 0.75. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company’s 50-day moving average price is $86.53 and its two-hundred day moving average price is $81.16.

Sempra (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm’s revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. As a group, analysts expect that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a $0.62 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.63%. Sempra’s dividend payout ratio is currently 54.63%.

About Sempra

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.