Point72 Asset Management L.P. Has $42.90 Million Holdings in Sempra (NYSE:SRE)

Point72 Asset Management L.P. reduced its holdings in Sempra (NYSE:SRE) by 71.9% during the 3rd quarter, Holdings Channel reports. The fund owned 512,916 shares of the utilities provider’s stock after selling 1,313,952 shares during the quarter. Point72 Asset Management L.P.’s holdings in Sempra were worth $42,895,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SRE. Cetera Advisors LLC lifted its holdings in Sempra by 114.5% during the 1st quarter. Cetera Advisors LLC now owns 29,112 shares of the utilities provider’s stock worth $2,091,000 after buying an additional 15,542 shares in the last quarter. CWM LLC lifted its holdings in Sempra by 9.1% during the 2nd quarter. CWM LLC now owns 13,759 shares of the utilities provider’s stock worth $1,047,000 after buying an additional 1,143 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Sempra during the 2nd quarter valued at $217,000. Simplicity Wealth LLC raised its position in shares of Sempra by 3.8% during the 2nd quarter. Simplicity Wealth LLC now owns 10,894 shares of the utilities provider’s stock valued at $829,000 after acquiring an additional 402 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Sempra during the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insiders Place Their Bets

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 at this hyperlink. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

SRE has been the subject of several recent research reports. Evercore ISI upped their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Bank of America started coverage on shares of Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective for the company. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Morgan Stanley upped 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. Finally, Barclays increased their target price on Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.91.

Sempra Trading Down 0.6 %

Sempra stock opened at $91.50 on Thursday. Sempra has a one year low of $66.40 and a one year high of $95.77. The company has a market cap of $57.95 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.52 and a beta of 0.77. The firm has a 50-day moving average of $87.26 and a 200-day moving average of $81.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

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

Sempra Announces Dividend

The business 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 dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 annualized dividend and a yield of 2.71%. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

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.