Impact Partnership Wealth LLC Acquires New Position in Sempra (NYSE:SRE)

Impact Partnership Wealth LLC bought a new stake in Sempra (NYSE:SRE) in the fourth quarter, HoldingsChannel.com reports. The fund bought 2,300 shares of the utilities provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Spinnaker Investment Group LLC acquired a new position in Sempra in the fourth quarter valued at approximately $1,669,000. Mutual Advisors LLC boosted its stake in Sempra by 1.7% in the fourth quarter. Mutual Advisors LLC now owns 21,776 shares of the utilities provider’s stock valued at $1,829,000 after acquiring an additional 364 shares during the period. Janney Montgomery Scott LLC boosted its stake in Sempra by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 290,291 shares of the utilities provider’s stock valued at $25,464,000 after acquiring an additional 13,343 shares during the period. Daymark Wealth Partners LLC boosted its stake in Sempra by 3.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 5,822 shares of the utilities provider’s stock valued at $511,000 after acquiring an additional 212 shares during the period. Finally, Dakota Wealth Management boosted its stake in Sempra by 14.6% in the fourth quarter. Dakota Wealth Management now owns 57,310 shares of the utilities provider’s stock valued at $5,029,000 after acquiring an additional 7,280 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Price Performance

NYSE SRE opened at $82.78 on Friday. The stock has a market capitalization of $52.43 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.10 and a beta of 0.78. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The business’s fifty day moving average is $87.72 and its two-hundred day moving average is $84.10. 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 posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). The company had revenue of $2.78 billion during 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%. Sempra’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. On average, research analysts forecast that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.48 annualized dividend and a dividend yield of 3.00%. Sempra’s dividend payout ratio is currently 54.63%.

Insider Buying and Selling at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SRE shares. Barclays boosted their price objective on Sempra from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Evercore ISI boosted their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Sempra presently has an average rating of “Moderate Buy” and a consensus target price of $91.60.

Sempra 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.