CreativeOne Wealth LLC Raises Stock Position in Sempra (NYSE:SRE)

CreativeOne Wealth LLC grew its holdings in Sempra (NYSE:SRE) by 240.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,247 shares of the utilities provider’s stock after purchasing an additional 7,240 shares during the quarter. CreativeOne Wealth LLC’s holdings in Sempra were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SRE. Perennial Investment Advisors LLC lifted its holdings in Sempra by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock worth $377,000 after buying an additional 134 shares in the last quarter. Transcend Capital Advisors LLC raised its stake 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 valued at $379,000 after acquiring an additional 136 shares in the last quarter. Marcum Wealth LLC raised 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 valued at $306,000 after acquiring an additional 137 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after purchasing an additional 139 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in Sempra by 4.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Trading Down 0.6 %

NYSE:SRE opened at $93.67 on Friday. The company has a market capitalization of $59.33 billion, a PE ratio of 20.63, a P/E/G ratio of 2.59 and a beta of 0.75. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The stock’s 50 day moving average price is $86.75 and its 200 day moving average price is $81.31. 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 (NYSE:SRE) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share. On average, research analysts anticipate that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.65%. Sempra’s payout ratio is 54.63%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SRE. BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Bank of America began coverage on shares of Sempra in a report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. Evercore ISI increased their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Barclays increased their target price on Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.24% 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.