Hantz Financial Services Inc. Has $11.04 Million Holdings in Sempra (NYSE:SRE)

Hantz Financial Services Inc. cut its position in shares of Sempra (NYSE:SRE) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,980 shares of the utilities provider’s stock after selling 3,714 shares during the quarter. Hantz Financial Services Inc.’s holdings in Sempra were worth $11,037,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Sempra by 10.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,621 shares of the utilities provider’s stock worth $10,315,000 after purchasing an additional 12,346 shares during the period. Dai ichi Life Insurance Company Ltd grew its holdings in Sempra by 319.5% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock worth $14,980,000 after purchasing an additional 150,000 shares during the period. TCW Group Inc. grew its holdings in Sempra by 28.2% in the second quarter. TCW Group Inc. now owns 67,765 shares of the utilities provider’s stock worth $5,154,000 after purchasing an additional 14,890 shares during the period. PNC Financial Services Group Inc. grew its holdings in Sempra by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after purchasing an additional 6,709 shares during the period. Finally, Swedbank AB acquired a new stake in Sempra in the first quarter worth $27,338,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Bank of America assumed coverage on shares of Sempra in a research note on Thursday, September 12th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Evercore ISI raised their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.00.

Sempra Stock Up 1.1 %

SRE opened at $94.28 on Friday. 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’s 50-day moving average is $86.53 and its 200 day moving average is $81.16. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The firm has a market capitalization of $59.72 billion, a P/E ratio of 20.77, a PEG ratio of 2.59 and a beta of 0.75.

Sempra (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Research analysts expect that Sempra will post 4.77 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, December 5th. Sempra’s dividend payout ratio is 54.63%.

Insiders Place Their Bets

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

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.