AIA Group Ltd Sells 13,946 Shares of Sempra (NYSE:SRE)

AIA Group Ltd lowered its stake in shares of Sempra (NYSE:SREGet Rating) by 70.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,979 shares of the utilities provider’s stock after selling 13,946 shares during the quarter. AIA Group Ltd’s holdings in Sempra were worth $896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Sempra by 260.0% during the second quarter. Larson Financial Group LLC now owns 198 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. Arlington Partners LLC bought a new stake in Sempra during the second quarter valued at about $33,000. Western Pacific Wealth Management LP bought a new stake in Sempra during the third quarter valued at about $35,000. Hexagon Capital Partners LLC boosted its position in Sempra by 440.0% during the third quarter. Hexagon Capital Partners LLC now owns 243 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 198 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Sempra by 96.1% during the second quarter. Jones Financial Companies Lllp now owns 251 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 84.75% of the company’s stock.

Sempra Trading Up 0.2 %

Sempra stock opened at $159.12 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.84. Sempra has a 52 week low of $129.69 and a 52 week high of $176.47. The company has a market capitalization of $50.02 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69. The stock has a 50-day moving average price of $159.56 and a 200 day moving average price of $158.67.

Sempra (NYSE:SREGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.18. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Sempra had a return on equity of 10.86% and a net margin of 16.13%. Sell-side analysts anticipate that Sempra will post 8.83 EPS for the current year.

Sempra Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, January 15th. Investors of record on Thursday, December 22nd were given a dividend of $1.145 per share. This represents a $4.58 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, December 21st. Sempra’s dividend payout ratio is currently 64.24%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SRE. Seaport Res Ptn reissued a “neutral” rating on shares of Sempra in a report on Monday, October 24th. TheStreet raised Sempra from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. Mizuho lowered their price target on Sempra from $173.00 to $161.00 and set a “buy” rating for the company in a report on Monday, October 3rd. StockNews.com began coverage on Sempra in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Guggenheim lowered their price target on Sempra from $174.00 to $165.00 in a report on Monday, October 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Sempra presently has an average rating of “Moderate Buy” and a consensus target price of $170.89.

Sempra Profile

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Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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