Mariner Investment Group LLC bought a new position in shares of Sempra (NYSE:SRE – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,000 shares of the utilities provider’s stock, valued at approximately $614,000. Sempra makes up approximately 0.1% of Mariner Investment Group LLC’s portfolio, making the stock its 26th largest position.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Sempra during the third quarter worth about $28,000. Hollencrest Capital Management increased its stake in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 270 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares during the period. LRI Investments LLC lifted its stake in Sempra by 180.4% in the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after buying an additional 285 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Sempra by 35.5% in the third quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock valued at $62,000 after buying an additional 194 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Sempra
In other news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by company insiders.
Sempra Stock Performance
Sempra (NYSE:SRE – Get Free Report) 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). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. Analysts predict that Sempra will post 4.77 earnings per share for the current fiscal year.
Sempra Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, December 5th. Sempra’s dividend payout ratio (DPR) is presently 54.63%.
Analyst Ratings Changes
A number of brokerages recently commented on SRE. Wells Fargo & Company raised their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI lifted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Barclays increased their price objective on Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Finally, BMO Capital Markets boosted their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.60.
Get Our Latest Analysis on Sempra
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.
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