Sempra (NYSE:SRE) Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC cut its stake in Sempra (NYSE:SRE) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,111 shares of the utilities provider’s stock after selling 1,193 shares during the period. Aaron Wealth Advisors LLC’s holdings in Sempra were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its holdings in Sempra by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after buying an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI boosted its position in shares of Sempra by 2.4% during the 4th quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 155 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Sempra by 0.3% in the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock valued at $3,890,000 after purchasing an additional 158 shares during the period. CX Institutional increased its position in Sempra by 5.5% during the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 161 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Sempra by 4.2% during the third quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insiders Place Their Bets

In related news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Sempra Stock Performance

NYSE SRE opened at $85.24 on Monday. The company has a market cap of $53.99 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.00 and a beta of 0.78. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The stock has a 50-day moving average of $88.50 and a two-hundred day moving average of $83.86.

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

Sempra Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SRE shares. Evercore ISI increased their price target on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their price objective on Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Wells Fargo & Company raised their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group began coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, Sempra currently has a consensus rating of “Moderate Buy” and an average target price 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.