ORG Partners LLC Purchases Shares of 2,400 Sempra (NYSE:SRE)

ORG Partners LLC purchased a new stake in Sempra (NYSE:SRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,400 shares of the utilities provider’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fortress Wealth Management Inc. bought a new stake in Sempra in the 2nd quarter valued at $209,000. Great Valley Advisor Group Inc. grew its holdings in shares of Sempra by 29.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,542 shares of the utilities provider’s stock worth $345,000 after purchasing an additional 1,029 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sempra by 10.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock worth $10,315,000 after purchasing an additional 12,346 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Sempra in the 2nd quarter worth about $428,000. Finally, EWG Elevate Inc. bought a new stake in shares of Sempra in the 2nd quarter worth about $213,000. Institutional investors own 89.65% of the company’s stock.

Insider Activity

In other news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the transaction, the chief accounting officer now owns 14,751 shares of the company’s stock, valued at approximately $1,107,357.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard J. Mark acquired 1,925 shares of Sempra stock in a transaction that occurred on 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 purchase, the director now directly owns 5,420 shares of the company’s stock, valued at $422,597.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total transaction of $457,927.00. Following the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at approximately $1,107,357.57. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SRE shares. Morgan Stanley lowered their target price on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Mizuho upped their target price on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, May 17th. LADENBURG THALM/SH SH lowered their target price on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. BMO Capital Markets lowered their target price on shares of Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, July 10th. Finally, Evercore ISI upped their price target on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Sempra Trading Down 0.2 %

Shares of NYSE SRE traded down $0.13 during mid-day trading on Thursday, hitting $78.58. The company’s stock had a trading volume of 292,077 shares, compared to its average volume of 2,975,165. The stock has a market cap of $49.52 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a one year low of $63.75 and a one year high of $83.68. The company’s fifty day simple moving average is $76.96 and its 200-day simple moving average is $73.78.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). The business had revenue of $3.01 billion during 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 firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. On average, sell-side analysts anticipate that Sempra will post 4.79 earnings per share for the current fiscal year.

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.