My Legacy Advisors LLC Sells 162 Shares of Sempra (NYSE:SRE)

My Legacy Advisors LLC lessened its holdings in Sempra (NYSE:SRE) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,211 shares of the utilities provider’s stock after selling 162 shares during the quarter. My Legacy Advisors LLC’s holdings in Sempra were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Sempra by 19.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,553 shares of the utilities provider’s stock worth $133,679,000 after purchasing an additional 289,731 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Sempra by 7.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 15,752 shares of the utilities provider’s stock worth $1,198,000 after purchasing an additional 1,089 shares during the period. Benjamin Edwards Inc. increased its holdings in Sempra by 6.0% during the second quarter. Benjamin Edwards Inc. now owns 3,907 shares of the utilities provider’s stock valued at $297,000 after buying an additional 221 shares during the period. AE Wealth Management LLC raised its position in shares of Sempra by 41.0% in the 2nd quarter. AE Wealth Management LLC now owns 7,347 shares of the utilities provider’s stock worth $559,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Sempra by 21.0% during the second quarter. Ensign Peak Advisors Inc now owns 112,645 shares of the utilities provider’s stock valued at $8,568,000 after buying an additional 19,575 shares during the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Sempra Trading Up 1.5 %

Shares of NYSE:SRE opened at $85.24 on Friday. The business’s 50 day moving average price is $88.50 and its 200-day moving average price is $83.80. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm 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%. Sempra’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities research analysts forecast that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI lifted their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Barclays raised their price target on shares of Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten 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 $91.60.

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.