Sempra (NYSE:SRE – Get Rating) released its earnings results on Thursday. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.75 by $0.23, Briefing.com reports. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3 billion. Sempra had a return on equity of 10.96% and a net margin of 8.44%. Sempra’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS.
Sempra Stock Performance
Shares of SRE traded down $1.65 during mid-day trading on Friday, reaching $159.79. 1,852,772 shares of the company’s stock traded hands, compared to its average volume of 1,683,968. The business’s 50-day moving average price is $153.50 and its 200-day moving average price is $153.89. The stock has a market capitalization of $50.22 billion, a P/E ratio of 50.41, a price-to-earnings-growth ratio of 3.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.68 and a current ratio of 0.72. Sempra has a 12 month low of $119.56 and a 12 month high of $173.28.
Sempra Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, July 7th were issued a dividend of $1.145 per share. The ex-dividend date was Wednesday, July 6th. This represents a $4.58 dividend on an annualized basis and a dividend yield of 2.87%. Sempra’s dividend payout ratio (DPR) is presently 144.48%.
Analysts Set New Price Targets
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Cresset Asset Management LLC increased its stake in shares of Sempra by 4.7% during the first quarter. Cresset Asset Management LLC now owns 3,092 shares of the utilities provider’s stock valued at $527,000 after acquiring an additional 140 shares during the period. Virtu Financial LLC acquired a new position in shares of Sempra during the first quarter valued at approximately $471,000. Fund Management at Engine No. 1 LLC acquired a new position in shares of Sempra during the first quarter valued at approximately $454,000. XTX Topco Ltd acquired a new position in shares of Sempra during the first quarter valued at approximately $453,000. Finally, Plancorp LLC increased its stake in shares of Sempra by 4.7% during the first quarter. Plancorp LLC now owns 1,992 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.
Sempra Company Profile
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.
- Get a free copy of the StockNews.com research report on Sempra (SRE)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
- BJ’s Wholesale Club Stock Has More Room to Grow
Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.