Sempra (NYSE:SRE) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its stake in shares of Sempra (NYSE:SRE) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,687 shares of the utilities provider’s stock after selling 528 shares during the quarter. Tidal Investments LLC’s holdings in Sempra were worth $1,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Unigestion Holding SA acquired a new position in Sempra during the 3rd quarter worth $33,023,000. Dai ichi Life Insurance Company Ltd grew its stake in Sempra by 319.5% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after purchasing an additional 150,000 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sempra by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after purchasing an additional 6,709 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Sempra during the 3rd quarter worth about $675,000. Finally, CIBC Asset Management Inc boosted its position in shares of Sempra by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 107,800 shares of the utilities provider’s stock worth $9,015,000 after acquiring an additional 7,198 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

SRE has been the subject of several analyst reports. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Evercore ISI upped their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Bank of America started coverage on Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.60.

Sempra Stock Down 1.9 %

SRE opened at $86.95 on Wednesday. The business has a 50 day moving average price of $88.33 and a two-hundred day moving average price of $82.42. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The company has a market cap of $55.07 billion, a PE ratio of 19.15, a P/E/G ratio of 2.45 and a beta of 0.77. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the company posted $1.08 earnings per share. As a group, research analysts anticipate that Sempra will post 4.76 EPS for the current year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, December 5th. 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.