Sempra (NYSE:SRE) Stock Holdings Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in shares of Sempra (NYSE:SRE) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,172 shares of the utilities provider’s stock after purchasing an additional 466 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sempra were worth $3,109,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC grew its holdings in shares of Sempra by 2.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,044,270 shares of the utilities provider’s stock valued at $87,332,000 after acquiring an additional 27,439 shares in the last quarter. Carrera Capital Advisors acquired a new stake in Sempra during the third quarter valued at $3,088,000. Prime Capital Investment Advisors LLC grew its stake in Sempra by 23.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 14,452 shares of the utilities provider’s stock valued at $1,209,000 after purchasing an additional 2,745 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Sempra by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,445,967 shares of the utilities provider’s stock worth $120,926,000 after purchasing an additional 29,536 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Sempra by 6.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 10,883 shares of the utilities provider’s stock worth $910,000 after purchasing an additional 677 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Price Performance

NYSE SRE opened at $92.19 on Friday. The stock has a 50-day simple moving average of $84.31 and a 200 day simple moving average of $79.77. Sempra has a twelve month low of $66.40 and a twelve month high of $93.12. The stock has a market capitalization of $58.39 billion, a PE ratio of 20.31, a P/E/G ratio of 2.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

Sempra (NYSE:SRE) last issued its quarterly earnings results 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 return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $3.54 billion. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. Research analysts anticipate that Sempra will post 4.77 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 2.69%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

Wall Street Analysts Forecast Growth

SRE has been the subject of several recent research reports. 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 target for the company. Bank of America initiated coverage on shares of Sempra in a research report on Thursday, September 12th. They issued a “buy” rating and a $94.00 target price for the company. Barclays raised their price target on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets raised their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.00.

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.