Baker Tilly Wealth Management LLC Sells 5,000 Shares of Sempra (NYSE:SRE)

Baker Tilly Wealth Management LLC decreased its holdings in Sempra (NYSE:SRE) by 27.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,317 shares of the utilities provider’s stock after selling 5,000 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Sempra were worth $1,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Perennial Investment Advisors LLC boosted its holdings in shares of Sempra by 2.8% in 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 grew its position in Sempra by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 136 shares during the period. Marcum Wealth LLC grew its position in Sempra by 3.5% during the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 137 shares during the period. Private Advisor Group LLC increased its holdings in shares of Sempra by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after purchasing an additional 139 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Sempra by 4.0% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 147 shares during the period. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the subject of several research reports. BMO Capital Markets increased their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Evercore ISI lifted their target price on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America initiated coverage on shares of Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of Sempra in a research note on Thursday. They issued a “buy” rating and a $98.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.55.

Sempra Stock Performance

NYSE SRE opened at $84.38 on Monday. Sempra has a 1-year low of $66.40 and a 1-year high of $86.57. The business’s 50-day simple moving average is $82.90 and its 200-day simple moving average is $78.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The firm has a market capitalization of $53.17 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.70 and a beta of 0.75.

Sempra (NYSE:SRE) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities analysts predict that Sempra will post 4.79 EPS for the current year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s dividend payout ratio is currently 54.99%.

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.