Dynamic Technology Lab Private Ltd Invests $466,000 in Sempra (NYSE:SRE)

Dynamic Technology Lab Private Ltd bought a new position in Sempra (NYSE:SRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,568 shares of the utilities provider’s stock, valued at approximately $466,000.

Other large investors have also recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in shares of Sempra by 6.9% in the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock valued at $1,023,228,000 after acquiring an additional 874,133 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Sempra by 3.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,335,339 shares of the utilities provider’s stock valued at $362,564,000 after acquiring an additional 125,833 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Sempra by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,625,473 shares of the utilities provider’s stock valued at $303,198,000 after acquiring an additional 48,512 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Sempra by 2.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock valued at $182,158,000 after acquiring an additional 48,592 shares during the period. Finally, Swiss National Bank boosted its position in shares of Sempra by 0.4% in the third quarter. Swiss National Bank now owns 1,878,400 shares of the utilities provider’s stock valued at $157,091,000 after acquiring an additional 6,700 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Down 0.5 %

Shares of NYSE:SRE opened at $93.77 on Friday. The stock has a market capitalization of $59.39 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. The stock’s 50-day moving average price is $86.75 and its 200-day moving average price is $81.27. 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 $95.77.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. Sempra’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. On average, equities analysts anticipate that Sempra will post 4.77 earnings per share for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Insider Buying and Selling at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Bank of America began coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. Jefferies Financial Group began coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. Finally, Barclays lifted their target price on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

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.