Impact Partnership Wealth LLC Makes New Investment in Sempra (NYSE:SRE)

Impact Partnership Wealth LLC purchased a new position in shares of Sempra (NYSE:SRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,300 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other hedge funds also recently bought and sold shares of SRE. FMR LLC boosted its holdings in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after purchasing an additional 1,582,653 shares during the last quarter. State Street Corp boosted its holdings in shares of Sempra by 4.9% during the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after purchasing an additional 1,539,026 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Sempra by 6.9% during the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after purchasing an additional 874,133 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Sempra by 201.2% during the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after purchasing an additional 414,406 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in shares of Sempra during the third quarter worth $33,023,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Down 0.0 %

Shares of NYSE SRE opened at $82.78 on Friday. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The firm has a market cap of $52.43 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.10 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’s 50-day simple moving average is $87.72 and its 200-day simple moving average is $84.10.

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

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Analyst Ratings Changes

SRE has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $85.00 to $98.00 in a report on Friday, December 13th. Barclays lifted their target price on Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Wells Fargo & Company lifted their target price on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Evercore ISI lifted their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.

Insider Activity at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by corporate insiders.

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.