Bull Oak Capital LLC Acquires New Shares in Sempra (NYSE:SRE)

Bull Oak Capital LLC acquired a new stake in shares of Sempra (NYSE:SRE) in the third quarter, Holdings Channel reports. The fund acquired 5,059 shares of the utilities provider’s stock, valued at approximately $423,000. Sempra accounts for 0.2% of Bull Oak Capital LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRE. Eastern Bank bought a new stake in shares of Sempra in the 3rd quarter worth $28,000. Family Firm Inc. bought a new stake in shares of Sempra in the 2nd quarter worth $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sempra in the 2nd quarter worth $33,000. Financial Connections Group Inc. bought a new stake in shares of Sempra in the 2nd quarter worth $34,000. Finally, SouthState Corp raised its stake in shares of Sempra by 900.0% in the 2nd quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Down 0.2 %

NYSE:SRE opened at $85.77 on Friday. The firm has a market capitalization of $54.31 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.70 and a beta of 0.75. Sempra has a 1-year low of $66.40 and a 1-year high of $86.57. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average price is $82.69 and its 200 day moving average price is $77.97.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.58%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the firm earned $0.94 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a yield of 2.89%. Sempra’s dividend payout ratio (DPR) is currently 52.99%.

Analyst Ratings Changes

A number of analysts have recently commented on SRE shares. Barclays boosted their price objective on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets boosted their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group initiated coverage on Sempra in a research report on Thursday. They set a “buy” rating and a $98.00 target price on the stock. Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price on the stock. Finally, Evercore ISI boosted their target price on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Sempra presently has an average rating of “Moderate Buy” and a consensus price target of $87.55.

Sempra 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.