Greenleaf Trust Buys 344 Shares of Sempra (NYSE:SRE)

Greenleaf Trust grew its stake in shares of Sempra (NYSE:SREGet Rating) by 8.5% during the second quarter, HoldingsChannel reports. The firm owned 4,400 shares of the utilities provider’s stock after purchasing an additional 344 shares during the quarter. Greenleaf Trust’s holdings in Sempra were worth $661,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. NuWave Investment Management LLC bought a new stake in shares of Sempra during the 2nd quarter valued at about $25,000. Larson Financial Group LLC lifted its position in Sempra by 260.0% during the 2nd quarter. Larson Financial Group LLC now owns 198 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 143 shares during the period. Herold Advisors Inc. purchased a new position in Sempra during the 1st quarter valued at about $34,000. Kings Point Capital Management lifted its position in Sempra by 70.8% during the 1st quarter. Kings Point Capital Management now owns 205 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 85 shares during the period. Finally, Arlington Partners LLC purchased a new position in Sempra during the 2nd quarter valued at about $33,000. Institutional investors own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of Sempra from $189.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday, October 19th. Mizuho lowered their price target on shares of Sempra from $173.00 to $161.00 and set a “buy” rating for the company in a research report on Monday, October 3rd. Seaport Res Ptn reissued a “neutral” rating on shares of Sempra in a research report on Monday, October 24th. Guggenheim decreased their target price on shares of Sempra from $174.00 to $165.00 in a report on Monday, October 24th. Finally, Morgan Stanley upped their target price on shares of Sempra from $144.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Friday, November 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

Sempra Stock Up 1.7 %

Shares of Sempra stock opened at $163.00 on Thursday. The company has a market cap of $51.24 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.19 and a beta of 0.66. The company’s 50 day moving average is $153.54 and its 200 day moving average is $157.24. Sempra has a twelve month low of $119.56 and a twelve month high of $176.47. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.84.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Thursday, December 22nd will be given a dividend of $1.145 per share. The ex-dividend date of this dividend is Wednesday, December 21st. This represents a $4.58 dividend on an annualized basis and a yield of 2.81%. Sempra’s dividend payout ratio (DPR) is 64.24%.

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.

See Also

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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