GAMMA Investing LLC Has $1.17 Million Stock Holdings in Sempra (NYSE:SRE)

GAMMA Investing LLC grew its stake in shares of Sempra (NYSE:SRE) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,341 shares of the utilities provider’s stock after purchasing an additional 950 shares during the period. GAMMA Investing LLC’s holdings in Sempra were worth $1,170,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Eastern Bank acquired a new position in shares of Sempra in the third quarter worth about $28,000. Hollencrest Capital Management boosted its stake in Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 270 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Sempra during the 2nd quarter worth approximately $33,000. LRI Investments LLC raised its stake in Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 285 shares during the period. Finally, SouthState Corp lifted its holdings in shares of Sempra by 900.0% in the second quarter. SouthState Corp now owns 470 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SRE. BMO Capital Markets lifted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI raised their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. 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 price objective on the stock. Finally, Barclays lifted their target price on shares of Sempra from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.60.

Sempra Stock Up 0.6 %

SRE stock opened at $87.67 on Friday. The firm has a market cap of $55.53 billion, a PE ratio of 19.31, a PEG ratio of 2.45 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 fifty day simple moving average of $89.03 and a 200 day simple moving average of $83.26. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Sempra (NYSE:SRE) last announced its quarterly earnings results 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). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. Sempra’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. Sell-side analysts anticipate that Sempra will post 4.76 EPS for the current fiscal year.

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is currently 54.63%.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

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.