Founders Financial Securities LLC Has $2.29 Million Stock Position in Sempra (NYSE:SRE)

Founders Financial Securities LLC increased its position in shares of Sempra (NYSE:SRE) by 6.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,095 shares of the utilities provider’s stock after purchasing an additional 1,818 shares during the period. Founders Financial Securities LLC’s holdings in Sempra were worth $2,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SRE. Norges Bank bought a new stake in shares of Sempra in the 4th quarter worth about $958,253,000. Wellington Management Group LLP grew its position in Sempra by 12.1% during the 4th quarter. Wellington Management Group LLP now owns 27,123,899 shares of the utilities provider’s stock worth $2,026,969,000 after acquiring an additional 2,917,668 shares during the last quarter. Nordea Investment Management AB raised its position in Sempra by 5,279.4% in the 1st quarter. Nordea Investment Management AB now owns 1,583,816 shares of the utilities provider’s stock valued at $113,591,000 after purchasing an additional 1,554,374 shares during the last quarter. M&G Plc acquired a new position in Sempra in the first quarter worth $64,994,000. Finally, Zimmer Partners LP increased its stake in shares of Sempra by 96.9% in the first quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock valued at $117,528,000 after buying an additional 805,084 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company increased their price objective on Sempra from $79.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Evercore ISI lifted their price target on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Barclays increased their price objective on Sempra from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. LADENBURG THALM/SH SH reduced their price objective on shares of Sempra from $81.50 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, Morgan Stanley raised their target price on shares of Sempra from $77.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra currently has an average rating of “Moderate Buy” and a consensus target price of $83.36.

Insider Activity

In other news, CAO Peter R. Wall sold 6,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.07, for a total value of $457,927.00. Following the completion of the transaction, the chief accounting officer now owns 14,751 shares of the company’s stock, valued at $1,107,357.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Sempra Trading Up 0.5 %

SRE opened at $82.63 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 0.84. Sempra has a twelve month low of $63.75 and a twelve month high of $83.68. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 2.86 and a beta of 0.74. The company has a 50-day simple moving average of $78.59 and a 200 day simple moving average of $74.87.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a net margin of 22.31% and a return on equity of 8.58%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.94 earnings per share. Analysts predict that Sempra will post 4.79 EPS for the current fiscal year.

About Sempra

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.