American Century Companies Inc. Decreases Stake in Sempra (NYSE:SRE)

American Century Companies Inc. lowered its stake in Sempra ( NYSE:SRE – Free Report ) by 1.9% in the 4th quarter, HoldingsChannel.

com reports. The firm owned 153,545 shares of the utilities provider’s stock after selling 2,943 shares during the period. American Century Companies Inc.



’s holdings in Sempra were worth $13,469,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently made changes to their positions in SRE. Wellington Management Group LLP raised its stake in Sempra by 0.

4% during the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after buying an additional 128,847 shares during the last quarter. State Street Corp grew its position in shares of Sempra by 4.

9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares during the period. Geode Capital Management LLC increased its stake in shares of Sempra by 1.

2% in the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after purchasing an additional 145,873 shares in the last quarter. Franklin Resources Inc.

raised its holdings in Sempra by 1.7% in the 3rd quarter. Franklin Resources Inc.

now owns 7,695,988 shares of the utilities provider’s stock worth $639,921,000 after purchasing an additional 129,891 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Sempra by 3.

2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,740,845 shares of the utilities provider’s stock valued at $328,147,000 after purchasing an additional 115,372 shares in the last quarter.

Institutional investors own 89.65% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts recently weighed in on SRE shares.

Barclays cut shares of Sempra from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $95.00 to $72.00 in a research note on Thursday, February 27th.

Morgan Stanley boosted their target price on shares of Sempra from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th.

Argus lowered Sempra from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Wells Fargo & Company cut their target price on Sempra from $88.00 to $85.

00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group lowered shares of Sempra from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $78.

00 in a research note on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.

33. Insider Activity at Sempra In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.

93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.

65. This trade represents a 16.54 % decrease in their position.

The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, Director Cynthia J. Warner bought 700 shares of the company’s stock in a transaction that occurred on Thursday, March 6th.

The shares were bought at an average cost of $70.65 per share, for a total transaction of $49,455.00.

Following the completion of the acquisition, the director now 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 . Insiders have purchased a total of 9,319 shares of company stock valued at $651,676 over the last quarter.

0.24% of the stock is owned by corporate insiders. Sempra Stock Up 0.

3 % Shares of NYSE:SRE opened at $71.57 on Wednesday. The company has a quick ratio of 0.

47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.

The business’s 50 day moving average is $76.65 and its 200 day moving average is $82.99.

The stock has a market cap of $46.62 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 2.

19 and a beta of 0.76. Sempra has a 52-week low of $64.

89 and a 52-week high of $95.77. Sempra ( NYSE:SRE – Get Free Report ) last posted its earnings results on Tuesday, February 25th.

The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.

03. Sempra had a net margin of 22.63% and a return on equity of 8.

06%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $4.

73 billion. During the same quarter last year, the firm posted $1.13 EPS.

The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts predict that Sempra will post 4.

76 EPS for the current year. Sempra Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 20th will be paid a dividend of $0.

645 per share. This is a boost from Sempra’s previous quarterly dividend of $0.62.

This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.60%.

The ex-dividend date is Thursday, March 20th. Sempra’s dividend payout ratio is 58.37%.

Sempra Company Profile ( 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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