Dynamic Technology Lab Private Ltd Takes Position in Sempra (NYSE:SRE)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Sempra (NYSE:SRE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,568 shares of the utilities provider’s stock, valued at approximately $466,000.

Other large investors have also bought and sold shares of the company. Eastern Bank bought a new stake in Sempra during the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management boosted its position in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares in the last quarter. Family Firm Inc. bought a new stake in Sempra during the 2nd quarter valued at approximately $30,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sempra in the 2nd quarter worth approximately $33,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Sempra in the 2nd quarter worth approximately $34,000. 89.65% of the stock is owned by institutional investors.

Sempra Trading Down 0.5 %

NYSE:SRE opened at $93.77 on Friday. Sempra has a one year low of $66.40 and a one year high of $95.77. 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 firm has a market capitalization of $59.39 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.59 and a beta of 0.75. The business has a fifty day moving average price of $86.75 and a 200-day moving average price of $81.27.

Sempra (NYSE:SRE) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.54 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. Sell-side analysts forecast that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, December 5th. Sempra’s payout ratio is 54.63%.

Insider Activity at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SRE shares. Wells Fargo & Company boosted their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI boosted their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America initiated coverage on Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets upped their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.00.

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.