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

Sempra (NYSE:SRE) VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction on 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 approximately $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sempra Price Performance

SRE stock opened at $94.69 on Friday. The firm has a 50 day simple moving average of $85.44 and a two-hundred day simple moving average of $80.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The stock has a market cap of $59.98 billion, a PE ratio of 20.86, a P/E/G ratio of 2.56 and a beta of 0.75. Sempra has a one year low of $66.40 and a one year high of $94.86.

Sempra (NYSE:SRE) last released 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 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%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, analysts predict that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 2.62%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is currently 54.63%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SRE. Bank of America began coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. BMO Capital Markets raised their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI raised their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on shares of Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.00.

Institutional Trading of Sempra

Several large investors have recently bought and sold shares of SRE. FMR LLC lifted its stake in shares of Sempra by 9.1% in the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares during the period. State Street Corp raised its holdings in Sempra by 4.9% in the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after purchasing an additional 1,539,026 shares in the last quarter. Clearbridge Investments LLC lifted its position in Sempra by 6.9% during 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 buying an additional 874,133 shares during the period. Zimmer Partners LP boosted its holdings in shares of Sempra by 96.9% during the 1st quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock valued at $117,528,000 after buying an additional 805,084 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of Sempra by 201.2% in the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after buying an additional 414,406 shares during the period. 89.65% of the stock is owned by institutional investors.

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.