Sempra (NYSE:SRE) Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC lifted its stake in shares of Sempra (NYSE:SRE) by 36.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,304 shares of the utilities provider’s stock after purchasing an additional 1,141 shares during the period. Jacobi Capital Management LLC’s holdings in Sempra were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Sempra during the 4th quarter worth approximately $28,000. JFS Wealth Advisors LLC increased its position in shares of Sempra by 195.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 277 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of Sempra during the fourth quarter worth approximately $34,000. Planned Solutions Inc. acquired a new position in Sempra in the 4th quarter valued at $35,000. Finally, Rational Advisors LLC purchased a new position in Sempra in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SRE. BMO Capital Markets reduced their target price on shares of Sempra from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, July 10th. Morgan Stanley dropped their price objective on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Mizuho raised their target price on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. LADENBURG THALM/SH SH dropped their price target on Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company lifted their price objective on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.10.

Sempra Trading Down 0.2 %

NYSE:SRE traded down $0.16 on Tuesday, reaching $77.83. The company’s stock had a trading volume of 336,290 shares, compared to its average volume of 2,974,332. The firm has a market cap of $49.04 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87. Sempra has a 12-month low of $63.75 and a 12-month high of $79.46. The stock has a 50 day moving average price of $76.19 and a 200 day moving average price of $73.17.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Sempra had a net margin of 20.99% and a return on equity of 8.95%. The firm’s quarterly revenue was down 44.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. On average, equities analysts anticipate that Sempra will post 4.8 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Thursday, June 27th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.48 annualized dividend and a yield of 3.19%. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

Insider Buying and Selling at Sempra

In other news, Director Richard J. Mark purchased 1,925 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $77.97 per share, for a total transaction of $150,092.25. Following the completion of the transaction, the director now directly owns 5,420 shares in the company, valued at approximately $422,597.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Sempra news, Director Richard J. Mark purchased 1,925 shares of Sempra stock in a transaction dated Friday, May 17th. The shares were acquired at an average price of $77.97 per share, with a total value of $150,092.25. Following the completion of the transaction, the director now owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,751 shares of the company’s stock, valued at approximately $1,107,357.57. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

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.