Glaxis Capital Management LLC Invests $263,000 in Sempra (NYSE:SRE)

Glaxis Capital Management LLC purchased a new position in Sempra (NYSE:SRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the utilities provider’s stock, valued at approximately $263,000. Sempra makes up about 0.7% of Glaxis Capital Management LLC’s holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of SRE. Atria Investments Inc lifted its stake in shares of Sempra by 6.4% in the third quarter. Atria Investments Inc now owns 47,986 shares of the utilities provider’s stock worth $4,013,000 after buying an additional 2,888 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Sempra by 56.6% during the third quarter. Axxcess Wealth Management LLC now owns 24,923 shares of the utilities provider’s stock worth $2,084,000 after purchasing an additional 9,012 shares during the period. Crossmark Global Holdings Inc. raised its stake in Sempra by 2.2% during the third quarter. Crossmark Global Holdings Inc. now owns 39,254 shares of the utilities provider’s stock worth $3,283,000 after purchasing an additional 830 shares during the period. Ashton Thomas Securities LLC purchased a new position in Sempra during the third quarter worth about $86,000. Finally, Apollon Wealth Management LLC raised its stake in Sempra by 6.6% during the third quarter. Apollon Wealth Management LLC now owns 10,883 shares of the utilities provider’s stock worth $910,000 after purchasing an additional 677 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SRE. The Goldman Sachs Group downgraded shares of Sempra from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $99.00 to $76.00 in a research note on Wednesday, February 26th. Guggenheim reduced their price target on shares of Sempra from $95.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. UBS Group downgraded shares of Sempra from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.00 to $78.00 in a research note on Wednesday, February 26th. Jefferies Financial Group reissued a “hold” rating and issued a $77.00 price target (down from $96.00) on shares of Sempra in a research note on Monday, March 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Sempra from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Sempra presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Sempra Trading Down 1.1 %

Shares of Sempra stock opened at $68.70 on Wednesday. The company has a fifty day simple moving average of $80.68 and a 200-day simple moving average of $84.27. Sempra has a 12-month low of $64.89 and a 12-month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $44.75 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.19 and a beta of 0.76.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Sempra will post 4.76 EPS for the current fiscal year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 20th will be given a $0.645 dividend. This is an increase from Sempra’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, March 20th. This represents a $2.58 annualized dividend and a yield of 3.76%. Sempra’s dividend payout ratio is 58.37%.

Insider Activity at Sempra

In other news, Director Michael N. Mears acquired 1,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was bought at an average price of $67.70 per share, for a total transaction of $67,700.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $338,500. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cynthia J. Warner acquired 700 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $70.65 per share, with a total value of $49,455.00. Following the transaction, the director now owns 8,759 shares in the company, valued at $618,823.35. The trade was a 8.69 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

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.