Sempra (NYSE:SRE) Shares Acquired by Kepos Capital LP

Kepos Capital LP increased its stake in shares of Sempra (NYSE:SREFree Report) by 107.2% in the third quarter, HoldingsChannel reports. The firm owned 2,876 shares of the utilities provider’s stock after buying an additional 1,488 shares during the quarter. Kepos Capital LP’s holdings in Sempra were worth $196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of Sempra during the 2nd quarter worth about $645,000. West Tower Group LLC acquired a new position in Sempra during the 2nd quarter worth approximately $31,000. Atlas Capital Advisors LLC lifted its position in Sempra by 842.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 264 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 236 shares in the last quarter. PrairieView Partners LLC lifted its position in Sempra by 100.0% during the 3rd quarter. PrairieView Partners LLC now owns 376 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Finally, Optimum Investment Advisors lifted its position in Sempra by 100.0% during the 3rd quarter. Optimum Investment Advisors now owns 380 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.

Sempra Stock Performance

Shares of NYSE:SRE traded up $0.87 on Monday, hitting $70.74. The company’s stock had a trading volume of 2,623,783 shares, compared to its average volume of 2,759,249. Sempra has a 12 month low of $63.75 and a 12 month high of $79.51. The company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.71. The stock’s 50-day moving average is $72.46 and its two-hundred day moving average is $71.68. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.49 and a current ratio of 0.54.

Sempra (NYSE:SREGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Sempra had a return on equity of 9.45% and a net margin of 18.26%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Sempra will post 4.83 EPS for the current year.

Sempra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, March 20th. This is a positive change from Sempra’s previous quarterly dividend of $0.60. Sempra’s dividend payout ratio (DPR) is presently 49.69%.

Analysts Set New Price Targets

SRE has been the topic of several recent research reports. BMO Capital Markets raised Sempra from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $76.00 to $84.00 in a research report on Thursday, January 11th. Barclays upped their target price on Sempra from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. raised Sempra from a “neutral” rating to an “overweight” rating and upped their target price for the company from $78.00 to $86.00 in a research report on Tuesday, December 12th. StockNews.com lowered Sempra from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, LADENBURG THALM/SH SH initiated coverage on Sempra in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $81.50 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.83.

Get Our Latest Report on SRE

Insider Transactions at Sempra

In other Sempra news, CEO Jeffrey W. Martin sold 34,190 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.83, for a total value of $2,421,677.70. Following the sale, the chief executive officer now directly owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jeffrey W. Martin sold 34,190 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $70.83, for a total transaction of $2,421,677.70. Following the sale, the chief executive officer now owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey W. Martin sold 50,703 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $70.92, for a total value of $3,595,856.76. Following the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $141.84. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Sempra Company Profile

(Free Report)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.

See Also

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra (NYSE:SREFree Report).

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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