Susquehanna Fundamental Investments LLC Sells 184 Shares of Sempra (NYSE:SRE)

Susquehanna Fundamental Investments LLC lessened its position in shares of Sempra (NYSE:SRE) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,106 shares of the utilities provider’s stock after selling 184 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Sempra were worth $4,115,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Sempra by 30.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 39,575 shares of the utilities provider’s stock worth $2,957,000 after buying an additional 9,279 shares during the period. TD Asset Management Inc grew its holdings in Sempra by 4.6% during the 4th quarter. TD Asset Management Inc now owns 249,374 shares of the utilities provider’s stock worth $18,636,000 after acquiring an additional 10,874 shares during the period. TFO Wealth Partners LLC raised its position in shares of Sempra by 386,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,865 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 3,864 shares during the last quarter. Partners Capital Investment Group LLP acquired a new position in shares of Sempra in the 4th quarter valued at $220,000. Finally, California State Teachers Retirement System boosted its position in shares of Sempra by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 1,025,764 shares of the utilities provider’s stock worth $76,655,000 after purchasing an additional 15,138 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SRE. Morgan Stanley increased 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, September 25th. BMO Capital Markets lifted their price objective on shares of Sempra from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Bank of America started coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Evercore ISI increased their target price on shares of Sempra from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of Sempra from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and an average target price of $85.42.

Sempra Price Performance

Shares of SRE opened at $83.25 on Monday. The company has a 50 day moving average of $80.99 and a 200-day moving average of $76.38. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $52.71 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.64 and a beta of 0.75. Sempra has a twelve month low of $63.75 and a twelve month high of $84.38.

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

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio (DPR) is currently 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.