1ST Source Bank Has $262,000 Stake in Sempra (NYSE:SRE)

1ST Source Bank decreased its position in shares of Sempra (NYSE:SRE) by 8.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,984 shares of the utilities provider’s stock after selling 266 shares during the period. 1ST Source Bank’s holdings in Sempra were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in Sempra by 265.2% during the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 244 shares during the last quarter. Signaturefd LLC lifted its position in Sempra by 3.5% during the 4th quarter. Signaturefd LLC now owns 7,276 shares of the utilities provider’s stock worth $638,000 after acquiring an additional 247 shares during the last quarter. Parallel Advisors LLC lifted its position in Sempra by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 10,452 shares of the utilities provider’s stock worth $917,000 after acquiring an additional 190 shares during the last quarter. Cibc World Markets Corp lifted its position in Sempra by 16.3% during the 4th quarter. Cibc World Markets Corp now owns 99,902 shares of the utilities provider’s stock worth $8,763,000 after acquiring an additional 13,995 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its position in Sempra by 14.1% during the 4th quarter. Greenwich Wealth Management LLC now owns 2,839 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Up 1.2 %

Shares of NYSE SRE opened at $71.03 on Tuesday. The stock has a market cap of $46.27 billion, a PE ratio of 15.65, a PEG ratio of 2.19 and a beta of 0.76. The business has a fifty day moving average of $79.31 and a two-hundred day moving average of $83.92. Sempra has a 52-week low of $64.89 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

Sempra (NYSE:SRE) last issued its quarterly earnings data on Tuesday, February 25th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share. As a group, equities research analysts expect that Sempra will post 4.76 earnings per share for the current fiscal year.

Sempra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 20th will be issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.63%. This is a boost from Sempra’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, March 20th. Sempra’s payout ratio is currently 58.37%.

Insider Activity at Sempra

In other Sempra news, Director Michael N. Mears purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $67.70 per share, with a total value of $67,700.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $338,500. This represents a 25.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pablo Ferrero purchased 2,600 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $70.96 per share, with a total value of $184,496.00. Following the completion of the acquisition, the director now directly owns 15,649 shares of the company’s stock, valued at $1,110,453.04. The trade was a 19.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 9,319 shares of company stock valued at $651,676 over the last ninety days. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SRE shares. Guggenheim cut their price objective on shares of Sempra from $95.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Barclays lowered shares of Sempra from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $95.00 to $72.00 in a research report on Thursday, February 27th. Jefferies Financial Group restated a “hold” rating and issued a $77.00 target price (down from $96.00) on shares of Sempra in a research note on Monday, March 3rd. The Goldman Sachs Group downgraded shares of Sempra from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $99.00 to $76.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their price target on shares of Sempra from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

About Sempra

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.