Sempra (NYSE:SRE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Sempra (NYSE:SRE) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 579,515 shares of the utilities provider’s stock after selling 27,548 shares during the quarter. New York State Teachers Retirement System’s holdings in Sempra were worth $48,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new stake in shares of Sempra during the third quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Sempra in the 2nd quarter worth about $30,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra in the 2nd quarter worth about $33,000. Financial Connections Group Inc. acquired a new stake in shares of Sempra in the 2nd quarter worth about $34,000. Finally, SouthState Corp increased its holdings in shares of Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 423 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SRE shares. BMO Capital Markets increased their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Bank of America started coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective on the stock. Barclays increased their price objective on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group began coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Finally, Evercore ISI raised their target price on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.55.

Sempra Stock Performance

NYSE:SRE opened at $83.53 on Thursday. Sempra has a twelve month low of $66.40 and a twelve month high of $86.57. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $83.09 and a 200-day moving average of $78.47. The firm has a market cap of $52.89 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.69 and a beta of 0.75.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the business posted $0.94 EPS. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. Analysts forecast that Sempra will post 4.78 earnings per share for the current fiscal year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s payout ratio is 52.99%.

Sempra Company Profile

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.