Blue Trust Inc. Has $105,000 Stock Holdings in Sempra (NYSE:SRE)

Blue Trust Inc. raised its holdings in shares of Sempra (NYSE:SREFree Report) by 122.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,399 shares of the utilities provider’s stock after purchasing an additional 771 shares during the quarter. Blue Trust Inc.’s holdings in Sempra were worth $105,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Advisors Capital Management LLC lifted its holdings in Sempra by 5.4% during the 3rd quarter. Advisors Capital Management LLC now owns 1,468 shares of the utilities provider’s stock valued at $228,000 after purchasing an additional 75 shares during the last quarter. Plancorp LLC lifted its holdings in shares of Sempra by 4.7% during the first quarter. Plancorp LLC now owns 1,992 shares of the utilities provider’s stock worth $335,000 after buying an additional 90 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Sempra by 1.2% during the first quarter. Stock Yards Bank & Trust Co. now owns 9,326 shares of the utilities provider’s stock worth $1,410,000 after buying an additional 113 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Sempra by 5.4% during the fourth quarter. Evergreen Capital Management LLC now owns 2,319 shares of the utilities provider’s stock worth $361,000 after buying an additional 118 shares in the last quarter. Finally, Wealthsource Partners LLC lifted its holdings in shares of Sempra by 5.6% during the second quarter. Wealthsource Partners LLC now owns 2,264 shares of the utilities provider’s stock worth $330,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling at Sempra

In other news, EVP Justin Christopher Bird sold 5,063 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.22, for a total transaction of $360,586.86. Following the sale, the executive vice president now directly owns 19,712 shares in the company, valued at $1,403,888.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Justin Christopher Bird sold 5,063 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.22, for a total transaction of $360,586.86. Following the sale, the executive vice president now directly owns 19,712 shares in the company, valued at $1,403,888.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Karen L. Sedgwick sold 5,158 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $71.21, for a total value of $367,301.18. Following the sale, the chief financial officer now owns 43,024 shares in the company, valued at $3,063,739.04. The disclosure for this sale can be found here. Insiders have sold a total of 156,622 shares of company stock worth $11,089,713 over the last 90 days. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SRE. JPMorgan Chase & Co. raised Sempra from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $86.00 in a report on Tuesday, December 12th. BMO Capital Markets raised Sempra from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $76.00 to $84.00 in a report on Thursday, January 11th. LADENBURG THALM/SH SH started coverage on Sempra in a report on Wednesday, January 3rd. They set a “buy” rating and a $81.50 target price for the company. Morgan Stanley boosted their price target on Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Finally, Mizuho dropped their price target on Sempra from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.14.

Get Our Latest Research Report on Sempra

Sempra Stock Performance

Sempra stock opened at $70.97 on Thursday. Sempra has a 12-month low of $63.75 and a 12-month high of $79.51. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $70.71 and its two-hundred day moving average price is $71.62. The stock has a market cap of $44.86 billion, a PE ratio of 14.82, a P/E/G ratio of 2.99 and a beta of 0.71.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts expect that Sempra will post 4.82 earnings per share for the current fiscal year.

Sempra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 21st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, March 20th. This is a boost from Sempra’s previous quarterly dividend of $0.60. Sempra’s payout ratio is currently 51.77%.

Sempra Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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