Principal Securities Inc. Makes New Investment in Sempra (NYSE:SRE)

Principal Securities Inc. bought a new position in shares of Sempra (NYSE:SREFree Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,332 shares of the utilities provider’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Reaves W H & Co. Inc. grew its holdings in Sempra by 9.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,132,356 shares of the utilities provider’s stock worth $84,621,000 after acquiring an additional 100,924 shares in the last quarter. US Asset Management LLC bought a new position in Sempra during the 4th quarter worth about $355,000. Wealthspire Advisors LLC grew its holdings in Sempra by 11.2% during the 4th quarter. Wealthspire Advisors LLC now owns 5,050 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 508 shares in the last quarter. National Pension Service grew its holdings in Sempra by 3.0% during the 4th quarter. National Pension Service now owns 1,374,697 shares of the utilities provider’s stock worth $102,731,000 after acquiring an additional 39,928 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Sempra by 7.4% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 1,214,120 shares of the utilities provider’s stock valued at $90,731,000 after buying an additional 83,200 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Transactions at Sempra

In other news, insider Diana L. Day sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.21, for a total transaction of $280,353.77. Following the sale, the insider now owns 18,145 shares of the company’s stock, valued at approximately $1,292,105.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Diana L. Day sold 3,937 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.21, for a total transaction of $280,353.77. Following the sale, the insider now owns 18,145 shares of the company’s stock, valued at approximately $1,292,105.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Karen L. Sedgwick sold 5,158 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $71.21, for a total transaction of $367,301.18. Following the sale, the chief financial officer now directly owns 43,024 shares in the company, valued at approximately $3,063,739.04. The disclosure for this sale can be found here. Insiders have sold 122,432 shares of company stock valued at $8,668,035 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Mizuho lowered their price target on shares of Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Morgan Stanley raised their price target on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. StockNews.com cut shares of Sempra from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.23.

Check Out Our Latest Stock Report on Sempra

Sempra Stock Performance

SRE opened at $76.63 on Wednesday. Sempra has a 12-month low of $63.75 and a 12-month high of $77.88. The company has a current ratio of 0.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $48.50 billion, a PE ratio of 16.97, a P/E/G ratio of 2.67 and a beta of 0.70. The firm has a 50 day moving average of $71.22 and a two-hundred day moving average of $72.05.

Sempra (NYSE:SREGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Sempra had a return on equity of 8.95% and a net margin of 20.99%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The business’s quarterly revenue was down 44.5% compared to the same quarter last year. On average, analysts anticipate that Sempra will post 4.82 EPS for the current year.

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th 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 3.24%. Sempra’s payout ratio is 54.93%.

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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