Stonnington Group LLC Trims Stock Holdings in Sempra (NYSE:SRE)



Stonnington Group LLC lowered its stake in Sempra (NYSE:SRE – Get Rating) by 82.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,675 shares of the utilities provider’s stock after selling 7,950 shares during the quarter. Stonnington Group LLC’s holdings in Sempra were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of SRE. PrairieView Partners LLC bought a new stake in Sempra during the 4th quarter worth approximately $25,000. Acadian Asset Management LLC increased its stake in shares of Sempra by 1,763.6% in the fourth quarter. Acadian Asset Management LLC now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 194 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Sempra by 171.8% in the fourth quarter. Benjamin Edwards Inc. now owns 280 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 177 shares in the last quarter. AHL Investment Management Inc. purchased a new position in shares of Sempra during the 4th quarter valued at $39,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Sempra by 176.9% during the 4th quarter. Sound Income Strategies LLC now owns 299 shares of the utilities provider’s stock valued at $40,000 after buying an additional 191 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

SRE stock opened at $146.35 on Friday. Sempra has a 52 week low of $119.56 and a 52 week high of $173.28. The firm has a market capitalization of $46.00 billion, a P/E ratio of 46.17, a price-to-earnings-growth ratio of 2.98 and a beta of 0.62. The company has a fifty day simple moving average of $159.87 and a two-hundred day simple moving average of $149.05. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.92.

Sempra (NYSE:SRE – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The utilities provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.05. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.35 billion. Sempra had a net margin of 8.44% and a return on equity of 10.96%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 EPS. As a group, analysts anticipate that Sempra will post 8.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, July 7th will be issued a $1.145 dividend. This represents a $4.58 dividend on an annual basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, July 6th. Sempra’s dividend payout ratio (DPR) is 144.48%.

In related news, CEO Jeffrey W. Martin sold 30,796 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $162.23, for a total transaction of $4,996,035.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

SRE has been the topic of a number of recent analyst reports. Mizuho raised their price target on Sempra from $148.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, March 30th. Citigroup boosted their price target on Sempra from $142.00 to $171.00 in a report on Thursday, April 28th. Credit Suisse Group started coverage on shares of Sempra in a research report on Monday, April 25th. They set an “outperform” rating and a $180.00 price objective on the stock. StockNews.com assumed coverage on shares of Sempra in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley cut their target price on shares of Sempra from $168.00 to $164.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.67.

About Sempra (Get Rating)

Sempra operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)



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