HCR Wealth Advisors Invests $530,000 in Sempra (NYSE:SRE)

by · The Cerbat Gem

HCR Wealth Advisors acquired a new position in Sempra (NYSE:SRE – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,338 shares of the utilities provider’s stock, valued at approximately $530,000.

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

Analyst Upgrades and Downgrades

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

Get Our Latest Report on SRE

Sempra Stock Up 1.0 %

Shares of NYSE:SRE traded up $0.83 on Friday, reaching $82.16. The company had a trading volume of 1,794,305 shares, compared to its average volume of 2,843,963. The firm has a market capitalization of $51.77 billion, a PE ratio of 18.22, a PEG ratio of 2.59 and a beta of 0.75. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. Sempra has a 52-week low of $66.40 and a 52-week high of $84.47. The firm’s 50 day simple moving average is $81.59 and its 200-day simple moving average is $77.14.

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

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is 54.99%.

About Sempra

(Free Report)

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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