Sempra (NYSE:SRE) Shares Bought by Cooper Financial Group

Cooper Financial Group grew its stake in shares of Sempra (NYSE:SRE) by 14.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,059 shares of the utilities provider’s stock after acquiring an additional 1,367 shares during the period. Cooper Financial Group’s holdings in Sempra were worth $841,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Transcend Capital Advisors LLC increased its position in Sempra by 2.8% during the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock worth $379,000 after acquiring an additional 136 shares during the period. Marcum Wealth LLC increased its position in Sempra by 3.5% during the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 137 shares during the period. Premier Path Wealth Partners LLC increased its position in Sempra by 3.4% during the first quarter. Premier Path Wealth Partners LLC now owns 4,335 shares of the utilities provider’s stock worth $311,000 after acquiring an additional 142 shares during the period. Benjamin Edwards Inc. increased its position in Sempra by 7.5% during the fourth quarter. Benjamin Edwards Inc. now owns 2,081 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 146 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in Sempra by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after acquiring an additional 147 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Sempra news, Director Richard J. Mark purchased 1,925 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $77.97 per share, with a total value of $150,092.25. Following the acquisition, the director now directly owns 5,420 shares of the company’s stock, valued at approximately $422,597.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Peter R. Wall sold 6,100 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the sale, the chief accounting officer now directly owns 14,751 shares of the company’s stock, valued at approximately $1,107,357.57. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Sempra Trading Down 0.3 %

Sempra stock traded down $0.24 during trading hours on Tuesday, reaching $78.75. 580,928 shares of the company’s stock traded hands, compared to its average volume of 2,979,054. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.57 and a current ratio of 0.46. Sempra has a fifty-two week low of $63.75 and a fifty-two week high of $83.68. The firm has a market capitalization of $49.62 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.68 and a beta of 0.74. The firm’s 50 day moving average is $76.89 and its 200-day moving average is $73.70.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Sempra had a net margin of 22.31% and a return on equity of 8.52%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s revenue was down 9.7% on a year-over-year basis. On average, analysts predict that Sempra will post 4.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SRE. Evercore ISI boosted their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company boosted their price target on shares of Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Mizuho boosted their price target on shares of Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a report on Friday, May 17th. BMO Capital Markets lowered their target price 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. Finally, Barclays upped their target price on shares of Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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.