Sempra (NYSE:SRE) VP Trevor I. Mihalik Sells 23,713 Shares

Sempra (NYSE:SREGet Free Report) VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction 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. This trade represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sempra Trading Down 0.4 %

Sempra stock opened at $94.27 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 12-month low of $66.40 and a 12-month high of $95.29. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 2.56 and a beta of 0.75. The firm has a 50 day moving average of $85.66 and a 200 day moving average of $80.64.

Sempra (NYSE:SREGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. As a group, research analysts predict that Sempra will post 4.77 earnings per share for the current year.

Sempra Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio (DPR) is 54.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SRE. Wells Fargo & Company boosted their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. BMO Capital Markets upped their price target on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra has a consensus rating of “Moderate Buy” and an average price target of $89.00.

View Our Latest Research Report on Sempra

Institutional Trading of Sempra

Institutional investors have recently made changes to their positions in the business. Edgestream Partners L.P. grew its holdings in Sempra by 263.1% during the 1st quarter. Edgestream Partners L.P. now owns 11,623 shares of the utilities provider’s stock valued at $835,000 after buying an additional 8,422 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Sempra by 11.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,857 shares of the utilities provider’s stock worth $2,145,000 after acquiring an additional 3,165 shares during the last quarter. Bessemer Group Inc. grew its stake in Sempra by 8.3% during the first quarter. Bessemer Group Inc. now owns 9,034 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 690 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in Sempra by 26.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,874 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 811 shares during the last quarter. Finally, Pitcairn Co. lifted its stake in Sempra by 20.5% in the 1st quarter. Pitcairn Co. now owns 3,537 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Company Profile

(Get 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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