Sentry Investment Management LLC Lowers Stock Position in Sempra (NYSE:SRE)

Sentry Investment Management LLC reduced its position in Sempra (NYSE:SREFree Report) by 9.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,296 shares of the utilities provider’s stock after selling 354 shares during the period. Sentry Investment Management LLC’s holdings in Sempra were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PrairieView Partners LLC boosted its position in Sempra by 100.0% in the 3rd quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock valued at $25,000 after buying an additional 188 shares during the last quarter. Optimum Investment Advisors raised its stake in shares of Sempra by 100.0% in the 3rd quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Sempra by 119.9% in the 3rd quarter. Geneos Wealth Management Inc. now owns 398 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 217 shares in the last quarter. Monetary Management Group Inc. raised its stake in shares of Sempra by 100.0% in the 3rd quarter. Monetary Management Group Inc. now owns 400 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Sempra by 100.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 195 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SRE. Barclays increased their price objective on shares of Sempra from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. BMO Capital Markets upgraded shares of Sempra from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $76.00 to $84.00 in a research note on Thursday, January 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price objective on shares of Sempra in a research note on Wednesday, March 6th. Mizuho dropped their price objective on shares of Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Finally, LADENBURG THALM/SH SH started coverage on shares of Sempra in a research note on Wednesday, January 3rd. They set a “buy” rating and a $81.50 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Sempra currently has an average rating of “Moderate Buy” and a consensus target price of $82.14.

Get Our Latest Report on SRE

Sempra Trading Down 2.5 %

Sempra stock opened at $66.41 on Wednesday. The firm has a 50 day simple moving average of $70.46 and a 200-day simple moving average of $71.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.54 and a quick ratio of 0.49. The stock has a market capitalization of $41.98 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.35 and a beta of 0.71. Sempra has a 12-month low of $63.75 and a 12-month high of $79.51.

Sempra (NYSE:SREGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Sempra had a net margin of 18.26% and a return on equity of 9.45%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. As a group, equities research analysts expect that Sempra will post 4.83 EPS for the current fiscal year.

Sempra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 21st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.73%. This is a boost from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, March 20th. Sempra’s dividend payout ratio (DPR) is presently 51.77%.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 34,190 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sempra news, CEO Jeffrey W. Martin sold 34,190 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.83, for a total value of $2,421,677.70. Following the transaction, the chief executive officer now owns 2 shares in the company, valued at $141.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Trevor I. Mihalik sold 57,571 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $70.59, for a total value of $4,063,936.89. Following the sale, the vice president now directly owns 10,922 shares of the company’s stock, valued at $770,983.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,622 shares of company stock worth $11,089,713. Corporate insiders own 0.27% of the company’s stock.

About Sempra

(Free Report)

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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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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