Mitchell & Pahl Private Wealth LLC Acquires 1,071 Shares of Sempra (NYSE:SRE)

Mitchell & Pahl Private Wealth LLC lifted its holdings in Sempra (NYSE:SRE) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,318 shares of the utilities provider’s stock after purchasing an additional 1,071 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Sempra were worth $2,484,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SRE. Wellington Management Group LLP boosted its holdings in shares of Sempra by 0.4% in the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after buying an additional 128,847 shares during the period. State Street Corp lifted its position in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. FMR LLC lifted its position in Sempra by 9.1% in the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after acquiring an additional 1,582,653 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Sempra by 6.9% in the 2nd quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after purchasing an additional 874,133 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after purchasing an additional 145,873 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Trading Up 1.5 %

Sempra stock opened at $85.24 on Tuesday. The stock has a 50-day simple moving average of $88.50 and a 200 day simple moving average of $83.92. The stock has a market capitalization of $53.99 billion, a P/E ratio of 18.77, a PEG ratio of 2.16 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77.

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

Sempra Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra’s payout ratio is presently 54.63%.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on SRE shares. Evercore ISI boosted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their target price on Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. BMO Capital Markets raised their price target on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $98.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.60.

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.