Nisa Investment Advisors LLC Sells 505 Shares of Sempra (NYSE:SRE)

Nisa Investment Advisors LLC trimmed its position in shares of Sempra (NYSE:SRE) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,993 shares of the utilities provider’s stock after selling 505 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sempra were worth $9,963,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raymond James & Associates boosted its position in shares of Sempra by 21.5% in the 2nd quarter. Raymond James & Associates now owns 1,180,886 shares of the utilities provider’s stock worth $89,818,000 after purchasing an additional 209,158 shares in the last quarter. TCW Group Inc. boosted its position in shares of Sempra by 28.2% in the 2nd quarter. TCW Group Inc. now owns 67,765 shares of the utilities provider’s stock worth $5,154,000 after purchasing an additional 14,890 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of Sempra by 21.8% in the 2nd quarter. Everpar Advisors LLC now owns 6,806 shares of the utilities provider’s stock worth $518,000 after purchasing an additional 1,220 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Sempra by 165.2% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the utilities provider’s stock worth $208,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Dash Acquisitions Inc. bought a new stake in shares of Sempra in the 2nd quarter worth approximately $202,000. 89.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SRE has been the topic of a number of analyst reports. Barclays boosted their price target on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. BMO Capital Markets dropped their price target on Sempra from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI boosted their price target on Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley decreased their price objective on shares of Sempra from $79.00 to $76.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Sempra Stock Performance

SRE traded up $0.83 during mid-day trading on Monday, reaching $80.82. 1,005,243 shares of the company traded hands, compared to its average volume of 2,978,907. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $50.93 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.74 and a beta of 0.74. Sempra has a 52-week low of $63.75 and a 52-week high of $83.68. The company’s fifty day moving average price is $77.13 and its 200-day moving average price is $73.91.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. On average, sell-side analysts expect that Sempra will post 4.79 EPS for the current year.

Insider Transactions at Sempra

In related news, CAO Peter R. Wall sold 6,100 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of 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 is available at this link. 0.24% of the stock is currently owned by company insiders.

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.