OLD National Bancorp IN Sells 122 Shares of Sempra (NYSE:SRE)

OLD National Bancorp IN trimmed its stake in shares of Sempra (NYSE:SRE) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,460 shares of the utilities provider’s stock after selling 122 shares during the quarter. OLD National Bancorp IN’s holdings in Sempra were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Perennial Investment Advisors LLC increased its stake in shares of Sempra by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 4,963 shares of the utilities provider’s stock worth $377,000 after buying an additional 134 shares during the period. Transcend Capital Advisors LLC increased its position in shares of Sempra by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 4,983 shares of the utilities provider’s stock valued at $379,000 after acquiring an additional 136 shares during the period. Marcum Wealth LLC raised its stake in shares of Sempra by 3.5% during the second quarter. Marcum Wealth LLC now owns 4,019 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 137 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Sempra by 4.0% during the second quarter. SeaCrest Wealth Management LLC now owns 3,794 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 147 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in shares of Sempra by 1.2% during the second quarter. Lester Murray Antman dba SimplyRich now owns 12,558 shares of the utilities provider’s stock worth $955,000 after purchasing an additional 152 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Trading Down 1.2 %

Sempra stock opened at $84.93 on Tuesday. Sempra has a one year low of $66.40 and a one year high of $86.13. The business’s fifty day moving average is $82.41 and its 200 day moving average is $77.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. The stock has a market capitalization of $53.52 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

Sempra (NYSE:SRE) last released its quarterly 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 net margin of 22.31% and a return on equity of 8.58%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the company earned $0.94 EPS. Sempra’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, sell-side analysts predict that Sempra will post 4.79 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, September 26th. Sempra’s dividend payout ratio is presently 54.99%.

Wall Street Analyst Weigh In

SRE has been the subject of a number of recent analyst reports. Bank of America assumed coverage on Sempra in a report on Thursday, September 12th. They set a “buy” rating and a $94.00 target price for the company. BMO Capital Markets upped their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays lifted their price target on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley raised their price objective on Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI raised 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Sempra 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.