Mitchell & Pahl Private Wealth LLC Increases Stock Position in Sempra (NYSE:SRE)

Mitchell & Pahl Private Wealth LLC increased its position in Sempra (NYSE:SRE) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,247 shares of the utilities provider’s stock after buying an additional 1,046 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Sempra were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Sempra during the second quarter worth about $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in Sempra during the 2nd quarter worth approximately $33,000. Financial Connections Group Inc. purchased a new position in Sempra in the second quarter valued at approximately $34,000. SouthState Corp lifted its position in Sempra by 900.0% during the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock valued at $36,000 after buying an additional 423 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Sempra during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Down 0.2 %

Shares of NYSE:SRE traded down $0.18 during trading on Thursday, hitting $85.48. The company’s stock had a trading volume of 629,352 shares, compared to its average volume of 2,848,726. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $85.92. The stock’s 50-day moving average price is $81.99 and its two-hundred day moving average price is $77.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46. The company has a market capitalization of $53.86 billion, a PE ratio of 18.99, a PEG ratio of 2.59 and a beta of 0.75.

Sempra (NYSE:SRE) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, sell-side analysts expect that Sempra will post 4.79 EPS for the current year.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s payout ratio is currently 54.99%.

Analysts Set New Price Targets

SRE has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Evercore ISI increased their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America started coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. Barclays increased their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley boosted their price target on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Sempra presently has an average rating of “Moderate Buy” and an average target price of $86.20.

About Sempra

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.