Frisch Financial Group Inc. Has $295,000 Position in Sempra (NYSE:SRE)

Frisch Financial Group Inc. boosted its holdings in Sempra (NYSE:SREFree Report) by 48.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,334 shares of the utilities provider’s stock after acquiring an additional 1,405 shares during the quarter. Frisch Financial Group Inc.’s holdings in Sempra were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisors Capital Management LLC grew its stake in Sempra by 5.4% during the third quarter. Advisors Capital Management LLC now owns 1,468 shares of the utilities provider’s stock worth $228,000 after buying an additional 75 shares during the last quarter. Savant Capital LLC grew its stake in shares of Sempra by 3.2% during the second quarter. Savant Capital LLC now owns 2,782 shares of the utilities provider’s stock valued at $405,000 after purchasing an additional 85 shares during the last quarter. Plancorp LLC grew its stake in shares of Sempra by 4.7% during the first quarter. Plancorp LLC now owns 1,992 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 90 shares during the last quarter. Summit X LLC grew its stake in shares of Sempra by 4.7% during the second quarter. Summit X LLC now owns 2,108 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 95 shares during the last quarter. Finally, Mendel Money Management grew its stake in shares of Sempra by 3.7% during the second quarter. Mendel Money Management now owns 2,850 shares of the utilities provider’s stock valued at $415,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 84.83% of the company’s stock.

Sempra Trading Down 0.5 %

Shares of NYSE SRE traded down $0.39 during midday trading on Wednesday, reaching $70.67. 3,355,648 shares of the stock were exchanged, compared to its average volume of 2,743,841. The business has a 50-day simple moving average of $72.64 and a two-hundred day simple moving average of $71.69. The company has a market capitalization of $44.47 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.96 and a beta of 0.72. Sempra has a 12 month low of $63.75 and a 12 month high of $79.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.61 and a quick ratio of 0.55.

Sempra (NYSE:SREGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Sempra had a net margin of 16.51% and a return on equity of 9.88%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the business posted $1.17 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Sempra will post 4.59 EPS for the current year.

Sempra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 21st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from Sempra’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, March 20th. Sempra’s dividend payout ratio (DPR) is presently 55.03%.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 34,190 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were 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 directly owns 2 shares in the company, valued at $141.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SRE has been the topic of several research analyst reports. BMO Capital Markets raised shares of Sempra from a “market perform” rating to an “outperform” rating and increased their price target for the company from $76.00 to $84.00 in a research note on Thursday, January 11th. Mizuho reduced their price objective on shares of Sempra from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley reduced their price objective on shares of Sempra from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 21st. Barclays raised their price objective on shares of Sempra from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of Sempra from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $78.00 to $86.00 in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.83.

Check Out Our Latest Research Report on SRE

About Sempra

(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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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