AA Financial Advisors LLC Has $331,000 Position in Sempra (NYSE:SRE)

AA Financial Advisors LLC grew its position in Sempra (NYSE:SRE) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,632 shares of the utilities provider’s stock after purchasing an additional 308 shares during the period. AA Financial Advisors LLC’s holdings in Sempra were worth $331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in Sempra by 5.4% in the 4th quarter. Lindbrook Capital LLC now owns 2,410 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 124 shares during the period. Kovitz Investment Group Partners LLC raised its position in Sempra by 1.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider’s stock worth $719,000 after purchasing an additional 124 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in Sempra by 5.1% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 2,585 shares of the utilities provider’s stock worth $227,000 after buying an additional 125 shares during the period. MJP Associates Inc. ADV grew its position in shares of Sempra by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider’s stock valued at $543,000 after buying an additional 125 shares during the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in shares of Sempra by 5.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider’s stock valued at $232,000 after buying an additional 126 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Insider Activity

In other Sempra news, EVP Justin Christopher Bird sold 4,817 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $71.23, for a total transaction of $343,114.91. Following the sale, the executive vice president now owns 19,778 shares of the company’s stock, valued at $1,408,786.94. The trade was a 19.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Diana L. Day sold 8,015 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $74.26, for a total value of $595,193.90. Following the completion of the transaction, the insider now owns 16,969 shares of the company’s stock, valued at approximately $1,260,117.94. This represents a 32.08% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Sempra Stock Performance

SRE stock opened at $73.77 on Tuesday. The business has a 50 day moving average of $74.72 and a 200-day moving average of $78.10. The firm has a market cap of $48.09 billion, a PE ratio of 16.25, a P/E/G ratio of 2.19 and a beta of 0.64. Sempra has a 12-month low of $61.90 and a 12-month high of $95.77. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.

Sempra (NYSE:SRE) last released its earnings results on Thursday, May 8th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS. As a group, sell-side analysts expect that Sempra will post 4.76 earnings per share for the current year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, June 26th will be paid a $0.645 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.50%. Sempra’s payout ratio is presently 56.70%.

Analysts Set New Price Targets

A number of analysts have weighed in on SRE shares. Wells Fargo & Company decreased their target price on shares of Sempra from $88.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group lowered their target price on shares of Sempra from $77.00 to $75.00 and set a “hold” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group downgraded Sempra from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $99.00 to $76.00 in a report on Wednesday, February 26th. BMO Capital Markets upped their target price on Sempra from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, May 12th. Finally, UBS Group downgraded shares of Sempra from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $78.00 in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.75.

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.