Redwood Investment Management LLC Has $327,000 Stock Holdings in Sempra (NYSE:SRE)

Redwood Investment Management LLC decreased its position in Sempra (NYSE:SRE - Free Report) by 93.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,725 shares of the utilities provider's stock after selling 51,992 shares during the quarter. Redwood Investment Management LLC's holdings in Sempra were worth $327,000 at the end of the most recent reporting period.

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

Sempra Stock Performance

SRE traded down $0.22 during trading on Thursday, hitting $76.61. The stock had a trading volume of 1,073,131 shares, compared to its average volume of 3,736,107. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a 50 day moving average price of $72.05 and a 200-day moving average price of $80.13. Sempra has a one year low of $61.90 and a one year high of $95.77. The firm has a market cap of $49.94 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.19 and a beta of 0.63.

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

Sempra Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.645 per share. The ex-dividend date is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.37%. Sempra's dividend payout ratio is presently 56.70%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SRE shares. Citigroup decreased their target price on shares of Sempra from $93.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their price objective on shares of Sempra from $77.00 to $75.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. UBS Group cut 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 report on Wednesday, February 26th. Morgan Stanley set a $89.00 price target on Sempra and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Mizuho dropped their price objective on Sempra from $92.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Sempra presently has an average rating of "Moderate Buy" and an average target price of $80.77.

Insider Transactions at Sempra

In related news, Director Michael N. Mears purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $67.70 per share, for a total transaction of $67,700.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $338,500. This trade represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Cynthia J. Warner acquired 700 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $70.65 per share, with a total value of $49,455.00. Following the transaction, the director now directly owns 8,759 shares of the company's stock, valued at $618,823.35. This trade represents a 8.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 9,319 shares of company stock valued at $651,676. 0.27% of the stock is currently owned by company insiders.

Sempra Company Profile

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.