Raymond James Trust N.A. Has $1.38 Million Stock Holdings in Sempra (NYSE:SRE)

Raymond James Trust N.A. boosted its position in shares of Sempra (NYSE:SRE) by 35.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,147 shares of the utilities provider’s stock after purchasing an additional 4,753 shares during the period. Raymond James Trust N.A.’s holdings in Sempra were worth $1,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Transcend Capital Advisors LLC lifted its position in shares of Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after buying an additional 136 shares during the last quarter. Marcum Wealth LLC increased its stake in shares of Sempra by 3.5% in the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 137 shares during the period. Premier Path Wealth Partners LLC increased its stake in shares of Sempra by 3.4% in the first quarter. Premier Path Wealth Partners LLC now owns 4,335 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 142 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Sempra by 7.5% in the fourth quarter. Benjamin Edwards Inc. now owns 2,081 shares of the utilities provider’s stock worth $156,000 after purchasing an additional 146 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of Sempra by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Activity

In other news, CAO Peter R. Wall sold 6,100 shares of Sempra stock in a transaction dated 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 of the company’s stock, valued at approximately $1,107,357.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

Sempra Trading Up 0.1 %

SRE traded up $0.09 during trading on Friday, hitting $81.40. 1,974,640 shares of the stock traded hands, compared to its average volume of 2,957,510. The firm has a market capitalization of $51.29 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.78 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. The firm has a 50-day moving average of $77.67 and a 200 day moving average of $74.28. Sempra has a 12-month low of $63.75 and a 12-month high of $83.68.

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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The company’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts anticipate that Sempra will post 4.79 EPS for the current year.

Analyst Upgrades and Downgrades

SRE has been the topic of a number of recent research reports. Evercore ISI lifted their price objective on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley upped their target price on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday. Wells Fargo & Company increased their target price on Sempra from $79.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. LADENBURG THALM/SH SH reduced their price objective on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, BMO Capital Markets lowered their price target 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. 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 company. Based on data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average price target of $83.36.

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.