Wealth Alliance Grows Position in Sempra (NYSE:SRE)

Wealth Alliance grew its stake in Sempra (NYSE:SREGet Rating) by 17.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,676 shares of the utilities provider’s stock after purchasing an additional 398 shares during the period. Wealth Alliance’s holdings in Sempra were worth $450,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SRE. Advisor Group Holdings Inc. grew its stake in Sempra by 19.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 105,802 shares of the utilities provider’s stock valued at $13,996,000 after acquiring an additional 16,898 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Sempra by 7.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,399 shares of the utilities provider’s stock worth $1,508,000 after purchasing an additional 822 shares during the last quarter. Atria Investments LLC boosted its stake in Sempra by 2.6% during the 4th quarter. Atria Investments LLC now owns 13,219 shares of the utilities provider’s stock worth $1,749,000 after purchasing an additional 337 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Sempra by 31.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,363 shares of the utilities provider’s stock worth $2,958,000 after purchasing an additional 5,349 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Sempra by 8.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 192,388 shares of the utilities provider’s stock worth $25,449,000 after purchasing an additional 14,578 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SRE. Bank of America upgraded Sempra from a “neutral” rating to a “buy” rating in a report on Thursday, July 14th. The Goldman Sachs Group upgraded shares of Sempra from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $164.00 to $167.00 in a report on Wednesday, July 6th. Citigroup boosted their price target on shares of Sempra from $142.00 to $171.00 in a research note on Thursday, April 28th. Credit Suisse Group assumed coverage on shares of Sempra in a research note on Monday, April 25th. They set an “outperform” rating and a $180.00 price target on the stock. Finally, Barclays lowered their price objective on Sempra from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Sempra has an average rating of “Moderate Buy” and a consensus target price of $166.22.

Sempra Stock Up 0.7 %

Sempra stock opened at $167.52 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 0.78. The firm has a market capitalization of $52.65 billion, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Sempra has a fifty-two week low of $119.56 and a fifty-two week high of $173.28. The stock’s fifty day moving average is $153.63 and its two-hundred day moving average is $155.40.

Sempra (NYSE:SREGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The utilities provider reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.23. Sempra had a return on equity of 11.01% and a net margin of 8.84%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. Analysts predict that Sempra will post 8.6 EPS for the current fiscal year.

Sempra Company Profile

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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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