Prospera Private Wealth LLC Invests $88,000 in Sempra (NYSE:SRE)

Prospera Private Wealth LLC bought a new stake in shares of Sempra (NYSE:SRE) in the 3rd quarter, HoldingsChannel reports. The firm bought 1,055 shares of the utilities provider’s stock, valued at approximately $88,000.

A number of other large investors have also recently added to or reduced their stakes in SRE. Clearbridge Investments LLC lifted its position in shares of Sempra by 6.9% during the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock valued at $1,023,228,000 after acquiring an additional 874,133 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Sempra by 2.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock valued at $182,158,000 after purchasing an additional 48,592 shares during the last quarter. Swiss National Bank boosted its position in shares of Sempra by 0.4% in the 3rd quarter. Swiss National Bank now owns 1,878,400 shares of the utilities provider’s stock valued at $157,091,000 after purchasing an additional 6,700 shares during the period. Dimensional Fund Advisors LP increased its stake in Sempra by 19.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,553 shares of the utilities provider’s stock worth $133,679,000 after purchasing an additional 289,731 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Sempra by 1.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,659,618 shares of the utilities provider’s stock worth $126,246,000 after buying an additional 26,862 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SRE has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets increased their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Sempra has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Insider Buying and Selling at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Sempra Stock Up 1.7 %

SRE opened at $94.69 on Friday. The company has a market capitalization of $59.98 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $94.86. The business has a 50-day moving average of $85.44 and a 200-day moving average of $80.49.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the business posted $1.08 EPS. Sempra’s revenue was down 16.7% compared to the same quarter last year. Equities research analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

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.