Sempra (NYSE:SRE) VP Trevor I. Mihalik Sells 23,713 Shares

Sempra (NYSE:SRE) VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sempra Stock Performance

NYSE SRE opened at $94.69 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $66.40 and a twelve month high of $94.86. The business has a 50-day moving average price of $85.44 and a 200-day moving average price of $80.49. The firm has a market cap of $59.98 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.75.

Sempra (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. As a group, equities research analysts predict that Sempra will post 4.77 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a $0.62 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.62%. Sempra’s dividend payout ratio is currently 54.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SRE shares. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. BMO Capital Markets increased their price target on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price objective on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. Finally, Evercore ISI boosted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.00.

Institutional Trading of Sempra

Several hedge funds have recently bought and sold shares of the stock. Magnetar Financial LLC purchased a new stake in shares of Sempra in the first quarter worth about $2,293,000. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Sempra by 319.5% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after acquiring an additional 150,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Sempra by 10.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock valued at $10,315,000 after acquiring an additional 12,346 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Sempra by 171.6% in the first quarter. CreativeOne Wealth LLC now owns 10,477 shares of the utilities provider’s stock valued at $753,000 after purchasing an additional 6,620 shares in the last quarter. Finally, TCW Group Inc. increased its position in Sempra by 28.2% in the second 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 during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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.