Sempra (NYSE:SRE) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank boosted its holdings in Sempra (NYSE:SRE) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,208 shares of the utilities provider’s stock after buying an additional 375 shares during the period. AMG National Trust Bank’s holdings in Sempra were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SRE. Eastern Bank acquired a new stake in shares of Sempra in the third quarter worth approximately $28,000. Family Firm Inc. purchased a new position in Sempra during the second quarter worth approximately $30,000. Hollencrest Capital Management raised its stake in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 270 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Sempra in the 2nd quarter valued at $33,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Sempra during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. BMO Capital Markets boosted their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Bank of America assumed coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price target on the stock. Barclays boosted their price objective on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley raised their target price on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Stock Up 0.5 %

Shares of Sempra stock opened at $93.37 on Wednesday. Sempra has a 1-year low of $66.40 and a 1-year high of $93.44. The company has a market capitalization of $59.14 billion, a PE ratio of 20.57, a P/E/G ratio of 2.53 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. The business has a 50-day moving average of $84.94 and a 200-day moving average of $80.30.

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

Sempra Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.62 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.66%. Sempra’s dividend payout ratio (DPR) is 54.63%.

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.