American Century Companies Inc. Sells 2,943 Shares of Sempra (NYSE:SRE)

American Century Companies Inc. lessened its holdings in shares of Sempra (NYSE:SRE – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.

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 as of its most recent filing with the SEC.



Other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Sempra by 4.9% during the third quarter.

State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares during the period. Raymond James Financial Inc. acquired a new stake in Sempra during the 4th quarter worth about $123,614,000.

National Bank of Canada FI raised its position in shares of Sempra by 201.2% in the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after acquiring an additional 414,406 shares in the last quarter.

Unigestion Holding SA acquired a new position in shares of Sempra in the 3rd quarter valued at about $33,023,000. Finally, Woodley Farra Manion Portfolio Management Inc. bought a new stake in shares of Sempra during the 4th quarter valued at about $33,245,000.

Institutional investors own 89.65% of the company’s stock. Sempra Trading Up 0.

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

52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

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

Sempra has a 12 month low of $64.89 and a 12 month high of $95.77.

The stock has a market capitalization of $46.62 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.

19 and a beta of 0.76. Sempra (NYSE:SRE – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th.

The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.

03. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $4.

73 billion. Sempra had a return on equity of 8.06% and a net margin of 22.

63%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis.

During the same quarter last year, the firm posted $1.13 EPS. Sell-side analysts expect that Sempra will post 4.

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

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

The ex-dividend date of this dividend is Thursday, March 20th. This represents a $2.58 dividend on an annualized basis and a yield of 3.

60%. Sempra’s dividend payout ratio is 58.37%.

Insiders Place Their BetsIn related news, Director Michael N. Mears purchased 1,000 shares of the business’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $67.

70 per share, with a total value of $67,700.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $338,500.

This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Also, Director James C. Yardley acquired 5,019 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $69.

74 per share, with a total value of $350,025.06. Following the completion of the acquisition, the director now directly owns 5,019 shares in the company, valued at $350,025.

06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here.

Insiders purchased a total of 9,319 shares of company stock worth $651,676 in the last quarter. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and DowngradesSRE has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of Sempra from $92.00 to $76.

00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their target price on Sempra from $88.00 to $85.

00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. The Goldman Sachs Group cut Sempra from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $99.00 to $76.

00 in a research note on Wednesday, February 26th. Barclays cut Sempra from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $95.00 to $72.

00 in a report on Thursday, February 27th. Finally, Argus cut shares of Sempra from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock.

According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.33.View Our Latest Stock Analysis on SRESempra 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.Featured StoriesFive stocks we like better than SempraWhat Are Dividend Achievers? An IntroductionD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyStock Market Upgrades: What Are They?Amazon Falls Back to a Key Support Line: Here’s How to Play ItBusiness Services Stocks InvestingBuffett Trims Equities, But Still Keeps Buying This Stock.