Sempra (NYSE:SRE - Get Free Report) Director James C. Yardley bought 5,019 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $69.74 per share, with a total value of $350,025.06. Following the purchase, the director now directly owns 5,019 shares of the company's stock, valued at $350,025.06. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Sempra Stock Performance
SRE stock opened at $67.84 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a 50 day moving average price of $79.92 and a 200 day moving average price of $84.05. Sempra has a fifty-two week low of $64.89 and a fifty-two week high of $95.77. The stock has a market capitalization of $44.20 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.76.
Sempra (NYSE:SRE - Get Free Report) last released its earnings results on Tuesday, February 25th. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.03. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Analysts forecast that Sempra will post 4.76 EPS for the current year.
Sempra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, March 20th. This is a positive change from Sempra's previous quarterly dividend of $0.62. Sempra's payout ratio is currently 58.37%.
Institutional Trading of Sempra
Institutional investors have recently bought and sold shares of the business. Crews Bank & Trust acquired a new stake in Sempra during the 4th quarter worth $26,000. Prudent Man Investment Management Inc. acquired a new stake in Sempra during the 4th quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in Sempra during the 4th quarter worth $29,000. Synergy Investment Management LLC acquired a new stake in Sempra during the 4th quarter worth $29,000. Finally, TCTC Holdings LLC grew its holdings in shares of Sempra by 265.2% in the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider's stock valued at $29,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 89.65% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Sempra from $92.00 to $78.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. Guggenheim cut their target price on shares of Sempra from $95.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley cut their target price on shares of Sempra from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company cut their target price on shares of Sempra from $96.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group cut shares of Sempra from a "buy" rating to a "neutral" rating and cut their target price for the company from $95.00 to $78.00 in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.50.
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Sempra Company Profile
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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.
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