Sempra (NYSE:SRE) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Sempra (NYSE:SRE) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,254 shares of the utilities provider’s stock after acquiring an additional 830 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sempra were worth $3,283,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in Sempra by 12.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 24,563 shares of the utilities provider’s stock valued at $1,764,000 after buying an additional 2,645 shares in the last quarter. Empowered Funds LLC lifted its stake in Sempra by 24.9% during the first quarter. Empowered Funds LLC now owns 9,896 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 1,970 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Sempra by 12.3% in the first quarter. NorthRock Partners LLC now owns 3,127 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 342 shares in the last quarter. Williams Jones Wealth Management LLC. increased its stake in Sempra by 19.7% in the first quarter. Williams Jones Wealth Management LLC. now owns 4,126 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 680 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Sempra during the first quarter worth approximately $170,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Trading Up 1.0 %

Shares of SRE stock opened at $92.12 on Tuesday. The business’s fifty day moving average price is $83.60 and its 200 day moving average price is $79.32. The firm has a market capitalization of $58.35 billion, a PE ratio of 20.29, a P/E/G ratio of 2.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.41. Sempra has a 1-year low of $66.40 and a 1-year high of $92.66.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 22.63% and a return on equity of 8.06%. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, sell-side analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued 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 2.69%. Sempra’s dividend payout ratio is presently 54.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.00.

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.