Goldman Sachs Group Inc. Reduces Stock Holdings in Sempra (NYSE:SRE)

Goldman Sachs Group Inc. lowered its position in Sempra (NYSE:SREGet Rating) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,554,311 shares of the utilities provider’s stock after selling 150,092 shares during the quarter. Goldman Sachs Group Inc. owned about 0.49% of Sempra worth $205,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SRE. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Sempra by 975.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,348,231 shares of the utilities provider’s stock valued at $310,624,000 after purchasing an additional 2,129,949 shares during the period. Franklin Resources Inc. grew its holdings in shares of Sempra by 28.6% in the third quarter. Franklin Resources Inc. now owns 8,552,879 shares of the utilities provider’s stock valued at $1,081,940,000 after purchasing an additional 1,904,484 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Sempra by 3,070.7% in the third quarter. Thrivent Financial for Lutherans now owns 487,052 shares of the utilities provider’s stock valued at $61,611,000 after purchasing an additional 471,691 shares during the period. Deutsche Bank AG boosted its stake in Sempra by 7.0% during the fourth quarter. Deutsche Bank AG now owns 7,124,202 shares of the utilities provider’s stock worth $942,388,000 after buying an additional 466,141 shares during the period. Finally, Assetmark Inc. boosted its stake in Sempra by 16,546.8% during the third quarter. Assetmark Inc. now owns 352,412 shares of the utilities provider’s stock worth $44,580,000 after buying an additional 350,295 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on SRE. Mizuho increased their target price on shares of Sempra from $148.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, March 30th. Morgan Stanley increased their target price on shares of Sempra from $162.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. Royal Bank of Canada raised their price objective on shares of Sempra from $158.00 to $178.00 and gave the company an “outperform” rating in a research note on Wednesday, April 13th. Citigroup raised their price objective on shares of Sempra from $142.00 to $171.00 in a research note on Thursday, April 28th. Finally, StockNews.com assumed coverage on shares of Sempra in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $159.90.

In related news, CEO Jeffrey W. Martin sold 30,796 shares of Sempra stock in a transaction on Monday, March 28th. The shares were sold at an average price of $162.23, for a total value of $4,996,035.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter R. Wall sold 2,559 shares of Sempra stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $144.45, for a total transaction of $369,647.55. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

SRE stock traded up $3.10 during midday trading on Friday, reaching $161.06. 1,241,889 shares of the company were exchanged, compared to its average volume of 1,488,682. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.68 and a current ratio of 0.72. Sempra has a 1-year low of $119.56 and a 1-year high of $173.28. The stock’s 50-day simple moving average is $163.01 and its 200 day simple moving average is $142.70. The company has a market cap of $50.62 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 3.32 and a beta of 0.62.

Sempra (NYSE:SREGet Rating) last released its quarterly earnings data on Thursday, May 5th. The utilities provider reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.05. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Sempra had a net margin of 8.44% and a return on equity of 10.96%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. On average, research analysts anticipate that Sempra will post 8.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, July 7th will be issued a $1.145 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $4.58 dividend on an annualized basis and a dividend yield of 2.84%. Sempra’s payout ratio is 144.48%.

Sempra Company Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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