Royal London Asset Management Ltd. Purchases 245,038 Shares of Sempra (NYSE:SRE)

Royal London Asset Management Ltd. grew its position in shares of Sempra (NYSE:SREFree Report) by 109.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 469,848 shares of the utilities provider’s stock after acquiring an additional 245,038 shares during the quarter. Royal London Asset Management Ltd. owned about 0.07% of Sempra worth $31,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Sempra during the 2nd quarter valued at approximately $645,000. West Tower Group LLC bought a new stake in Sempra in the second quarter worth $31,000. Atlas Capital Advisors LLC lifted its position in Sempra by 842.9% in the second quarter. Atlas Capital Advisors LLC now owns 264 shares of the utilities provider’s stock worth $40,000 after buying an additional 236 shares during the last quarter. PrairieView Partners LLC lifted its position in Sempra by 100.0% in the third quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock worth $25,000 after buying an additional 188 shares during the last quarter. Finally, Optimum Investment Advisors lifted its position in Sempra by 100.0% in the third quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock worth $26,000 after buying an additional 190 shares during the last quarter. 84.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SRE. LADENBURG THALM/SH SH began coverage on Sempra in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $81.50 price target for the company. Barclays raised their price target on Sempra from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Mizuho reduced their target price on Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of Sempra in a research note on Wednesday. Finally, StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.83.

Check Out Our Latest Stock Report on SRE

Sempra Stock Performance

Shares of Sempra stock opened at $70.60 on Friday. The firm has a market cap of $44.63 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.96 and a beta of 0.71. The company has a current ratio of 0.54, a quick ratio of 0.49 and a debt-to-equity ratio of 0.85. Sempra has a 12 month low of $63.75 and a 12 month high of $79.51. The stock’s fifty day moving average price is $72.17 and its 200-day moving average price is $71.66.

Sempra (NYSE:SREGet Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $4.01 billion. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, equities research analysts expect that Sempra will post 4.83 earnings per share for the current fiscal year.

Sempra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 21st will be given a dividend of $0.62 per share. This is a boost from Sempra’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 3.51%. The ex-dividend date is Wednesday, March 20th. Sempra’s dividend payout ratio (DPR) is currently 49.69%.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 34,190 shares of Sempra stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Jeffrey W. Martin sold 34,190 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the completion of the sale, the chief executive officer now directly owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 50,703 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $141.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,464 shares of company stock worth $10,081,471. 0.24% of the stock is owned by corporate insiders.

Sempra Company Profile

(Free Report)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.

See Also

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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