Sempra (NYSE:SRE) Stock Holdings Reduced by Coastline Trust Co

Coastline Trust Co cut its position in shares of Sempra (NYSE:SRE) by 4.2% in the third quarter, Holdings Channel reports. The firm owned 17,478 shares of the utilities provider’s stock after selling 760 shares during the period. Coastline Trust Co’s holdings in Sempra were worth $1,462,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC increased its holdings in Sempra by 6.9% in the second quarter. Clearbridge Investments LLC now owns 13,452,912 shares of the utilities provider’s stock worth $1,023,228,000 after buying an additional 874,133 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Sempra by 2.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,404,573 shares of the utilities provider’s stock worth $182,158,000 after purchasing an additional 48,592 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sempra by 19.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,757,553 shares of the utilities provider’s stock valued at $133,679,000 after purchasing an additional 289,731 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Sempra by 1.6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,659,618 shares of the utilities provider’s stock valued at $126,246,000 after purchasing an additional 26,862 shares during the last quarter. Finally, Zimmer Partners LP boosted its holdings in Sempra by 96.9% in the first quarter. Zimmer Partners LP now owns 1,636,202 shares of the utilities provider’s stock worth $117,528,000 after purchasing an additional 805,084 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI raised their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Barclays upped their target price on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Bank of America initiated coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Sempra Price Performance

Shares of Sempra stock opened at $92.19 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $58.39 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75. The firm has a fifty day moving average price of $84.52 and a two-hundred day moving average price of $79.91. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $93.12.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a net margin of 22.63% and a return on equity of 8.06%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. Analysts expect that Sempra will post 4.77 EPS for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.62 per share. 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 presently 54.63%.

Sempra Company Profile

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.