Yousif Capital Management LLC Has $8.64 Million Stake in Sempra (NYSE:SRE)

Yousif Capital Management LLC reduced its holdings in shares of Sempra (NYSE:SRE) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,459 shares of the utilities provider’s stock after selling 2,477 shares during the period. Yousif Capital Management LLC’s holdings in Sempra were worth $8,637,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new stake in Sempra during the fourth quarter worth approximately $26,000. Eastern Bank bought a new position in shares of Sempra during the 3rd quarter worth approximately $28,000. Hollencrest Capital Management grew its position in shares of Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Finally, LRI Investments LLC lifted its position in shares of Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 285 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Price Performance

Shares of NYSE:SRE opened at $82.30 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $52.13 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock’s fifty day simple moving average is $86.12 and its two-hundred day simple moving average is $84.47. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77.

Sempra (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, analysts forecast that Sempra will post 4.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. BMO Capital Markets upped their price target on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Sempra has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

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.