Westpac Banking Corp Purchases 383 Shares of Sempra (NYSE:SRE)

Westpac Banking Corp increased its stake in Sempra (NYSE:SREGet Rating) by 0.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,738 shares of the utilities provider’s stock after buying an additional 383 shares during the period. Westpac Banking Corp’s holdings in Sempra were worth $10,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PrairieView Partners LLC purchased a new stake in shares of Sempra in the 4th quarter worth approximately $25,000. Herold Advisors Inc. purchased a new stake in shares of Sempra in the 3rd quarter worth approximately $25,000. Penserra Capital Management LLC grew its stake in shares of Sempra by 54.8% in the 3rd quarter. Penserra Capital Management LLC now owns 240 shares of the utilities provider’s stock worth $30,000 after buying an additional 85 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Sempra by 171.8% in the 4th quarter. Benjamin Edwards Inc. now owns 280 shares of the utilities provider’s stock worth $37,000 after buying an additional 177 shares during the last quarter. Finally, AHL Investment Management Inc. purchased a new stake in shares of Sempra in the 4th quarter worth approximately $39,000. Institutional investors own 84.91% of the company’s stock.

Shares of Sempra stock opened at $161.36 on Friday. Sempra has a one year low of $119.56 and a one year high of $173.28. The stock’s fifty day moving average is $159.56 and its 200 day moving average is $140.51. The stock has a market cap of $50.95 billion, a P/E ratio of 39.26, a P/E/G ratio of 3.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.40 and a current ratio of 0.44.

Sempra (NYSE:SREGet Rating) last announced its earnings results on Friday, February 25th. The utilities provider reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.14. Sempra had a return on equity of 11.14% and a net margin of 10.84%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the firm earned $1.90 EPS. Sempra’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts predict that Sempra will post 8.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, March 25th were issued a $1.145 dividend. This is a boost from Sempra’s previous quarterly dividend of $1.10. This represents a $4.58 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 24th. Sempra’s dividend payout ratio (DPR) is currently 111.44%.

Several analysts have commented on SRE shares. Mizuho increased their target price on Sempra from $148.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, March 30th. Citigroup increased their target price on Sempra from $142.00 to $171.00 in a research note on Thursday. Credit Suisse Group started coverage on Sempra in a research note on Monday, April 25th. They set an “outperform” rating and a $180.00 target price on the stock. Royal Bank of Canada increased their target price on Sempra from $158.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 13th. Finally, Morgan Stanley increased their target price on Sempra from $162.00 to $168.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $159.90.

In other Sempra news, CAO Peter R. Wall sold 2,559 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $144.45, for a total transaction of $369,647.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 30,796 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $162.23, for a total value of $4,996,035.08. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

About Sempra (Get Rating)

Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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