Cullen Capital Management LLC Buys 2,620 Shares of Sempra (NYSE:SRE)

Cullen Capital Management LLC grew its stake in shares of Sempra (NYSE:SREFree Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,794 shares of the utilities provider’s stock after buying an additional 2,620 shares during the quarter. Cullen Capital Management LLC’s holdings in Sempra were worth $2,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in Sempra in the fourth quarter valued at $28,000. Essex Investment Management Co. LLC increased its holdings in Sempra by 100.0% in the third quarter. Essex Investment Management Co. LLC now owns 390 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 195 shares during the period. Wolverine Asset Management LLC increased its holdings in Sempra by 100.0% in the third quarter. Wolverine Asset Management LLC now owns 400 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Spire Wealth Management increased its holdings in Sempra by 85.6% in the third quarter. Spire Wealth Management now owns 412 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 190 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in Sempra by 195.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 419 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 277 shares during the period. Institutional investors own 89.65% of the company’s stock.

Insider Activity at Sempra

In other Sempra news, Director Richard J. Mark purchased 1,925 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $77.97 per share, with a total value of $150,092.25. Following the transaction, the director now owns 5,420 shares in the company, valued at $422,597.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of Sempra in a report on Wednesday, March 6th. LADENBURG THALM/SH SH cut their price target on shares of Sempra from $81.50 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Barclays upped their price target on shares of Sempra from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Morgan Stanley upped their price target on shares of Sempra from $74.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, Mizuho upped their price target on shares of Sempra from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Check Out Our Latest Report on SRE

Sempra Price Performance

SRE stock opened at $75.08 on Tuesday. The stock has a market capitalization of $47.31 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. The company’s 50-day moving average is $73.54 and its 200-day moving average is $72.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.62 and a quick ratio of 0.57. Sempra has a 1 year low of $63.75 and a 1 year high of $78.83.

Sempra (NYSE:SREGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sempra had a return on equity of 8.95% and a net margin of 20.99%. Sempra’s revenue for the quarter was down 44.5% compared to the same quarter last year. During the same period last year, the company earned $1.46 EPS. Equities research analysts expect that Sempra will post 4.8 EPS for the current fiscal year.

Sempra Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.30%. Sempra’s dividend payout ratio (DPR) is presently 54.93%.

About Sempra

(Free Report)

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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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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