Petix & Botte Co Purchases 250 Shares of Sempra (NYSE:SRE)

Petix & Botte Co lifted its position in shares of Sempra (NYSE:SRE) by 1.0% in the 3rd quarter, Holdings Channel reports. The fund owned 24,230 shares of the utilities provider’s stock after buying an additional 250 shares during the quarter. Petix & Botte Co’s holdings in Sempra were worth $2,026,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in Sempra in the 2nd quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Sempra during the 2nd quarter valued at about $33,000. Financial Connections Group Inc. bought a new stake in shares of Sempra during the second quarter valued at about $34,000. SouthState Corp lifted its holdings in shares of Sempra by 900.0% in the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock worth $36,000 after buying an additional 423 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Sempra in the second quarter valued at approximately $39,000. Institutional investors own 89.65% of the company’s stock.

Sempra Trading Up 0.5 %

SRE stock traded up $0.47 during midday trading on Friday, hitting $85.96. The company had a trading volume of 3,022,968 shares, compared to its average volume of 2,861,994. The stock has a market cap of $54.17 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.64 and a beta of 0.75. Sempra has a 52 week low of $66.40 and a 52 week high of $86.13. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $82.30 and its 200 day moving average price is $77.66.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, equities research analysts expect that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were issued a dividend of $0.62 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a yield of 2.89%. Sempra’s dividend payout ratio is presently 54.99%.

Analysts Set New Price Targets

SRE has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Bank of America initiated coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price target on the stock. Barclays lifted their price objective on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets upped their target price on Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Evercore ISI lifted their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

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.