Wealth Alliance Acquires 572 Shares of Sempra (NYSE:SRE)

Wealth Alliance increased its holdings in shares of Sempra (NYSE:SRE) by 8.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,413 shares of the utilities provider’s stock after purchasing an additional 572 shares during the period. Wealth Alliance’s holdings in Sempra were worth $564,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Perennial Investment Advisors LLC lifted its holdings in shares of Sempra by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 134 shares in the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of Sempra by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 136 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of Sempra by 3.5% during the 2nd quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 137 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Sempra by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock valued at $2,854,000 after purchasing an additional 147 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of Sempra by 4.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Barclays lifted their target price on Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. LADENBURG THALM/SH SH dropped their target price on Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Evercore ISI lifted their target price on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley lifted their target price on Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Sempra Stock Performance

Shares of NYSE SRE opened at $82.94 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 0.84. Sempra has a 12 month low of $63.75 and a 12 month high of $84.29. The stock has a 50 day moving average of $80.16 and a 200-day moving average of $75.75. The company has a market capitalization of $52.51 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.84 and a beta of 0.75.

Sempra (NYSE:SRE) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue was down 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Sempra will post 4.79 EPS for the current year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be paid a $0.62 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.48 annualized dividend and a yield of 2.99%. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

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.