Investment Firm Increases Stake in Sempra Stock by 16.7% in First Quarter

Are you looking for a reliable investment opportunity in the utilities sector? Look no further than Sempra (NYSE:SRE). Financial Management Professionals Inc. recently increased its stake in Sempra by 16.7% in the first quarter, showing confidence in the company’s potential for growth. Other large investors have also shown interest in Sempra, with several acquiring new stakes in the company.

Insider activity is also worth noting, with CAO Peter R. Wall selling shares and Director Richard J. Mark acquiring shares. This activity can provide insights into the company’s performance and future prospects.

Analysts have set new price targets for Sempra, with varying ratings and price expectations. This information can help investors make informed decisions about their investment strategy.

Sempra’s stock performance has been solid, with a market capitalization of $47.93 billion and a price-to-earnings ratio of 16.85. The company recently reported quarterly earnings, slightly missing estimates but still showing strong performance.

Sempra also announced a quarterly dividend, providing additional value for shareholders. With a dividend yield of 3.26%, Sempra offers a steady income stream for investors.

Overall, Sempra operates as an energy infrastructure company with a strong presence in the United States and internationally. With a focus on providing electric and natural gas services, Sempra is well-positioned for future growth and success.

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