Graypoint LLC Has $394,000 Stock Position in Sempra (NYSE:SRE)

Graypoint LLC boosted its stake in shares of Sempra (NYSE:SRE) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,487 shares of the utilities provider’s stock after acquiring an additional 194 shares during the quarter. Graypoint LLC’s holdings in Sempra were worth $394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank bought a new stake in shares of Sempra during the third quarter valued at approximately $28,000. Hollencrest Capital Management boosted its position in Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after buying an additional 270 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sempra in the 2nd quarter valued at $33,000. ST Germain D J Co. Inc. increased its stake in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 285 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Evercore ISI upped their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.60.

Sempra Stock Performance

SRE stock opened at $78.92 on Friday. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The firm has a market cap of $49.99 billion, a PE ratio of 17.38, a P/E/G ratio of 2.45 and a beta of 0.78. The business’s 50-day moving average price is $89.01 and its two-hundred day moving average price is $83.66.

Sempra (NYSE:SRE) last released 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 quarter last year, the firm earned $1.08 EPS. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, research analysts forecast that Sempra will post 4.76 earnings per share for the current year.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.14%. Sempra’s payout ratio is 54.63%.

Insider Buying and Selling

In other news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

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.