Mackay Shields LLC Reduces Stock Position in Sempra (NYSE:SRE)

Mackay Shields LLC reduced its holdings in shares of Sempra (NYSE:SREGet Rating) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,419 shares of the utilities provider’s stock after selling 1,087 shares during the quarter. Mackay Shields LLC’s holdings in Sempra were worth $6,273,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Atria Investments LLC lifted its stake in shares of Sempra by 2.6% during the 4th quarter. Atria Investments LLC now owns 13,219 shares of the utilities provider’s stock valued at $1,749,000 after buying an additional 337 shares in the last quarter. Empirical Finance LLC increased its holdings in Sempra by 39.7% during the 4th quarter. Empirical Finance LLC now owns 5,185 shares of the utilities provider’s stock worth $686,000 after acquiring an additional 1,474 shares during the period. Advisor Partners LLC increased its holdings in Sempra by 5.6% during the 4th quarter. Advisor Partners LLC now owns 8,421 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 445 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Sempra by 7.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 11,399 shares of the utilities provider’s stock worth $1,508,000 after acquiring an additional 822 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings in Sempra by 19.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 105,802 shares of the utilities provider’s stock worth $13,996,000 after acquiring an additional 16,898 shares during the period. Institutional investors own 84.91% of the company’s stock.

In other Sempra news, CAO Peter R. Wall sold 2,559 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey W. Martin sold 30,796 shares of the stock in a transaction on Monday, March 28th. The shares were sold at an average price of $162.23, for a total transaction of $4,996,035.08. The disclosure for this sale can be found here. Insiders have sold a total of 34,263 shares of company stock valued at $5,488,335 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

SRE stock opened at $171.25 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.40 and a current ratio of 0.44. Sempra has a 52 week low of $119.56 and a 52 week high of $172.38. The firm’s fifty day moving average is $153.27 and its 200 day moving average is $137.78. The firm has a market cap of $54.08 billion, a P/E ratio of 41.67, a P/E/G ratio of 3.63 and a beta of 0.63.

Sempra (NYSE:SREGet Rating) last released its earnings results on Friday, February 25th. The utilities provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.14. Sempra had a net margin of 10.84% and a return on equity of 11.14%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm earned $1.90 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts forecast that Sempra will post 8.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, March 25th were given a dividend of $1.145 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $4.58 annualized dividend and a yield of 2.67%. This is a boost from Sempra’s previous quarterly dividend of $1.10. Sempra’s dividend payout ratio is presently 111.44%.

A number of analysts recently weighed in on SRE shares. KeyCorp upped their target price on shares of Sempra from $142.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, January 13th. Royal Bank of Canada upped their target price on shares of Sempra from $158.00 to $178.00 and gave the stock an “outperform” rating in a report on Wednesday, April 13th. StockNews.com initiated coverage on shares of Sempra in a report on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho increased their price target on shares of Sempra from $148.00 to $174.00 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Finally, Morgan Stanley increased their price target on shares of Sempra from $151.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sempra presently has a consensus rating of “Buy” and an average target price of $154.00.

Sempra 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.

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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