Miller Howard Investments Inc. NY Has $9.41 Million Stock Holdings in Sempra (NYSE:SRE)

Miller Howard Investments Inc. NY boosted its holdings in shares of Sempra (NYSE:SRE) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,322 shares of the utilities provider’s stock after buying an additional 3,502 shares during the period. Miller Howard Investments Inc. NY’s holdings in Sempra were worth $9,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SRE. Wellington Management Group LLP lifted its position in shares of Sempra by 0.4% in the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock worth $2,870,591,000 after purchasing an additional 128,847 shares in the last quarter. State Street Corp lifted its position in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares in the last quarter. FMR LLC boosted its stake in shares of Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after buying an additional 1,582,653 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock valued at $1,063,007,000 after acquiring an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Sempra by 1.7% in the third quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock worth $639,921,000 after acquiring an additional 129,891 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Trading Down 0.2 %

Sempra stock opened at $81.94 on Friday. The business’s 50-day simple moving average is $85.40 and its 200-day simple moving average is $84.47. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The firm has a market capitalization of $51.90 billion, a PE ratio of 18.05, a PEG ratio of 2.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

Sempra (NYSE:SRE) last issued 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). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. Equities research analysts forecast that Sempra will post 4.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI lifted their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Barclays decreased their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Insider Buying and Selling at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

About Sempra

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.