FORVIS Wealth Advisors LLC Has $732,000 Stock Holdings in Sempra (NYSE:SRE)

FORVIS Wealth Advisors LLC boosted its holdings in shares of Sempra (NYSE:SREFree Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,185 shares of the utilities provider’s stock after buying an additional 172 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Sempra were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Sempra in the fourth quarter worth $28,000. JFS Wealth Advisors LLC increased its holdings in Sempra by 195.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock worth $31,000 after buying an additional 277 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Sempra in the fourth quarter valued at approximately $34,000. Planned Solutions Inc. acquired a new position in shares of Sempra during the 4th quarter worth $35,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Sempra in the 4th quarter valued at $45,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Stock Performance

Shares of NYSE:SRE remained flat at $75.17 on Thursday. 1,261,368 shares of the stock traded hands, compared to its average volume of 2,766,711. The company has a market cap of $47.37 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.74. The company has a quick ratio of 0.57, a current ratio of 0.62 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average of $75.43 and a 200 day moving average of $73.00. Sempra has a 52 week low of $63.75 and a 52 week high of $78.83.

Sempra (NYSE:SREGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. Sempra’s quarterly revenue was down 44.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 earnings per share. As a group, sell-side analysts predict that Sempra will post 4.8 EPS for the current year.

Sempra Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.62 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.48 annualized dividend and a yield of 3.30%. Sempra’s dividend payout ratio is currently 54.93%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Sempra from $79.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Mizuho boosted their target price on shares of Sempra from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. LADENBURG THALM/SH SH lowered their price target on Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a research note on Wednesday, March 6th. Finally, Barclays increased their target price on Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.10.

View Our Latest Report on SRE

Insider Activity

In related news, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total value of $457,927.00. Following the transaction, the chief accounting officer now directly owns 14,751 shares in the company, valued at $1,107,357.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard J. Mark bought 1,925 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $77.97 per share, for a total transaction of $150,092.25. Following the transaction, the director now owns 5,420 shares of the company’s stock, valued at $422,597.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter R. Wall sold 6,100 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.07, for a total transaction of $457,927.00. Following the completion of the sale, the chief accounting officer now owns 14,751 shares in the company, valued at $1,107,357.57. The disclosure for this sale can be found here. 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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