Axxcess Wealth Management LLC raised its holdings in Sempra (NYSE:SRE - Free Report) by 56.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,923 shares of the utilities provider's stock after purchasing an additional 9,012 shares during the quarter. Axxcess Wealth Management LLC's holdings in Sempra were worth $2,084,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Eastern Bank purchased a new stake in Sempra in the 3rd quarter valued at about $28,000. Hollencrest Capital Management lifted its holdings in shares of 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 acquiring an additional 270 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Sempra in the 2nd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Sempra during the 2nd quarter worth approximately $33,000. Finally, Financial Connections Group Inc. acquired a new stake in Sempra in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.65% of the company's stock.
Shares of NYSE:SRE opened at $92.12 on Tuesday. Sempra has a 52 week low of $66.40 and a 52 week high of $92.66. The company's 50 day moving average is $83.60 and its two-hundred day moving average is $79.32. The company has a market cap of $58.35 billion, a PE ratio of 20.10, a P/E/G ratio of 2.91 and a beta of 0.75. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89.
Sempra (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same period last year, the firm earned $1.08 earnings per share. The firm's quarterly revenue was down 16.7% on a year-over-year basis. Equities analysts predict that Sempra will post 4.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, December 5th. Sempra's payout ratio is 54.63%.
SRE has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 price target for the company. BMO Capital Markets lifted their target price on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Barclays boosted their price target on shares of Sempra from $87.00 to $89.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Evercore ISI raised their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Morgan Stanley upped their target price on shares of Sempra from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Sempra has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.
View Our Latest Analysis on SRE
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.
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