Sempra (NYSE:SRE) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its stake in Sempra (NYSE:SRE) by 19.2% in the 2nd quarter, Holdings Channel reports. The firm owned 115,621 shares of the utilities provider’s stock after selling 27,540 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Sempra were worth $8,794,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SRE. Cambridge Investment Research Advisors Inc. increased its holdings in Sempra by 30.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,575 shares of the utilities provider’s stock valued at $2,957,000 after purchasing an additional 9,279 shares in the last quarter. TD Asset Management Inc increased its holdings in Sempra by 4.6% in the 4th quarter. TD Asset Management Inc now owns 249,374 shares of the utilities provider’s stock valued at $18,636,000 after purchasing an additional 10,874 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in Sempra by 386,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,865 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 3,864 shares in the last quarter. Evoke Wealth LLC acquired a new stake in Sempra in the 4th quarter valued at $1,785,000. Finally, Crestline Management LP increased its holdings in Sempra by 14.0% in the 4th quarter. Crestline Management LP now owns 119,174 shares of the utilities provider’s stock valued at $8,906,000 after purchasing an additional 14,674 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Stock Performance

SRE opened at $83.25 on Friday. Sempra has a twelve month low of $63.75 and a twelve month high of $84.38. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. The stock has a market cap of $52.46 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The business’s 50 day moving average is $80.88 and its 200-day moving average is $76.23.

Sempra (NYSE:SRE) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 EPS 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 8.58%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $0.94 EPS. Sempra’s revenue was down 9.7% compared to the same quarter last year. On average, analysts predict that Sempra will post 4.79 earnings per share for the current year.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.98%. Sempra’s dividend payout ratio is presently 54.99%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI increased their price target on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays raised their target price on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. BMO Capital Markets raised their target price on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Bank of America initiated coverage on Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. Finally, Morgan Stanley raised their target price on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.42.

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.