Van Hulzen Asset Management LLC Makes New Investment in Sempra (NYSE:SRE)

Van Hulzen Asset Management LLC purchased a new stake in Sempra (NYSE:SREFree Report) in the 4th quarter, Holdings Channel reports. The fund purchased 2,999 shares of the utilities provider’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently modified their holdings of the business. WFA of San Diego LLC grew its stake in shares of Sempra by 29.9% during the 3rd quarter. WFA of San Diego LLC now owns 2,439 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 561 shares during the period. Meyer Handelman Co. increased its holdings in Sempra by 100.0% in the third quarter. Meyer Handelman Co. now owns 68,696 shares of the utilities provider’s stock valued at $4,673,000 after buying an additional 34,348 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Sempra by 114.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 32,782 shares of the utilities provider’s stock valued at $2,230,000 after acquiring an additional 17,491 shares during the period. Ausbil Investment Management Ltd grew its holdings in shares of Sempra by 13.5% in the 4th quarter. Ausbil Investment Management Ltd now owns 172,129 shares of the utilities provider’s stock worth $12,863,000 after acquiring an additional 20,469 shares during the period. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in Sempra in the 4th quarter valued at approximately $9,715,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SRE shares. Morgan Stanley upped their target price on Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Mizuho lowered their price target on shares of Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Wells Fargo & Company lifted their price objective on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets raised Sempra from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $76.00 to $84.00 in a report on Thursday, January 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Sempra in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.23.

Check Out Our Latest Report on Sempra

Sempra Trading Up 1.3 %

SRE stock traded up $1.01 on Friday, hitting $77.18. 7,373,710 shares of the company were exchanged, compared to its average volume of 3,042,466. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market capitalization of $48.79 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.51 and a beta of 0.70. Sempra has a twelve month low of $63.75 and a twelve month high of $78.01. The business’s fifty day moving average is $70.95 and its two-hundred day moving average is $71.92.

Sempra (NYSE:SREGet Free Report) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $5.58 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. Sempra’s revenue was down 44.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, research analysts forecast that Sempra will post 4.82 earnings per share for the current year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 21st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.21%. This is a boost from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 20th. Sempra’s payout ratio is 51.77%.

Insider Transactions at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 57,571 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the transaction, the vice president now owns 10,922 shares in the company, valued at $770,983.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Trevor I. Mihalik sold 57,571 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $70.59, for a total transaction of $4,063,936.89. Following the transaction, the vice president now directly owns 10,922 shares of the company’s stock, valued at $770,983.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Diana L. Day sold 3,937 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total transaction of $280,353.77. Following the completion of the transaction, the insider now owns 18,145 shares in the company, valued at approximately $1,292,105.45. The disclosure for this sale can be found here. Insiders sold 122,432 shares of company stock valued at $8,668,035 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Sempra Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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