Silvia Mccoll Wealth Management LLC Reduces Stock Holdings in Sempra (NYSE:SRE)

Silvia Mccoll Wealth Management LLC cut its holdings in Sempra (NYSE:SRE) by 3.0% during the 2nd quarter, Holdings Channel reports. The fund owned 12,647 shares of the utilities provider’s stock after selling 394 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Sempra were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Sempra in the fourth quarter worth $28,000. JFS Wealth Advisors LLC grew its stake in Sempra by 195.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 277 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Sempra during the second quarter valued at $39,000. Rational Advisors LLC bought a new stake in Sempra in the 1st quarter valued at $43,000. Finally, Salomon & Ludwin LLC purchased a new stake in Sempra in the 1st quarter worth $44,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Down 0.6 %

NYSE SRE traded down $0.48 on Tuesday, reaching $78.51. 2,923,872 shares of the stock traded hands, compared to its average volume of 2,994,512. Sempra has a 12 month low of $63.75 and a 12 month high of $83.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.57 and a current ratio of 0.46. The company has a fifty day moving average price of $76.89 and a 200-day moving average price of $73.70. The company has a market cap of $49.47 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.68 and a beta of 0.74.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.52%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, research analysts forecast that Sempra will post 4.79 EPS for the current fiscal year.

Insider Buying and Selling at Sempra

In other news, Director Richard J. Mark bought 1,925 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of $77.97 per share, with a total value of $150,092.25. Following the completion of the transaction, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Sempra news, Director Richard J. Mark bought 1,925 shares of Sempra stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of $77.97 per share, with a total value of $150,092.25. Following the transaction, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the sale, the chief accounting officer now owns 14,751 shares of the company’s stock, valued at $1,107,357.57. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets lowered their price objective on Sempra from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, July 10th. Evercore ISI lifted their price objective on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley reduced their target price on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Wells Fargo & Company lifted their price target on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

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.