Signal Advisors Wealth LLC Invests $373,000 in Sempra (NYSE:SRE)

Signal Advisors Wealth LLC acquired a new stake in shares of Sempra (NYSE:SRE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 5,233 shares of the utilities provider's stock, valued at approximately $373,000.

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

Insider Transactions at Sempra

In other news, insider Diana L. Day sold 8,015 shares of the business's stock in a transaction on 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 directly owns 16,969 shares of the company's stock, valued at approximately $1,260,117.94. The trade was a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael N. Mears bought 1,000 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $67.70 per share, for a total transaction of $67,700.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $338,500. The trade was a 25.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,619 shares of company stock valued at $602,221. Company insiders own 0.27% of the company's stock.

Sempra Stock Performance

NYSE:SRE opened at $76.82 on Friday. The firm has a market capitalization of $50.08 billion, a PE ratio of 16.92, a PEG ratio of 2.19 and a beta of 0.64. The stock's fifty day moving average is $73.73 and its 200 day moving average is $79.01. Sempra has a fifty-two week low of $61.90 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

Sempra (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.12. The business had revenue of $3.80 billion for the quarter, compared to analysts' expectations of $3.90 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, sell-side analysts anticipate that Sempra will post 4.76 earnings per share for the current year.

Sempra Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be given a $0.645 dividend. The ex-dividend date is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.36%. Sempra's payout ratio is presently 56.70%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley set a $87.00 price target on shares of Sempra and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group cut Sempra from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $99.00 to $76.00 in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price target on Sempra from $88.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. BMO Capital Markets raised their price target on Sempra from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Finally, Citigroup reduced their price objective on Sempra from $93.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sempra presently has a consensus rating of "Moderate Buy" and an average 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.

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