Sempra (NYSE:SRE) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC increased its stake in Sempra (NYSE:SRE) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,822 shares of the utilities provider’s stock after purchasing an additional 212 shares during the period. Daymark Wealth Partners LLC’s holdings in Sempra were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SRE. Eastern Bank bought a new stake in Sempra in the 3rd quarter valued at about $28,000. Hollencrest Capital Management increased its stake in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. LRI Investments LLC boosted its position in shares of Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after buying an additional 285 shares during the period. Finally, Mather Group LLC. grew its holdings in Sempra by 35.5% in the 3rd quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock worth $62,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Price Performance

Shares of NYSE:SRE opened at $82.88 on Friday. The company has a market capitalization of $52.50 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a fifty day moving average of $88.06 and a 200-day moving average of $84.05. Sempra has a one year low of $66.40 and a one year high of $95.77.

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

Sempra Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were given a $0.62 dividend. The ex-dividend date was Thursday, December 5th. This represents a $2.48 annualized dividend and a dividend yield of 2.99%. Sempra’s dividend payout ratio (DPR) is presently 54.63%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.60.

Insiders Place Their Bets

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction dated 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 transaction, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

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.