Childress Capital Advisors LLC acquired a new position in Sempra Energy (NYSE:SRE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 326 shares of the utilities provider’s stock, valued at approximately $44,000.
Several other large investors have also recently made changes to their positions in SRE. Amundi Pioneer Asset Management Inc. raised its stake in shares of Sempra Energy by 1.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock worth $21,006,000 after purchasing an additional 2,796 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Sempra Energy during the third quarter valued at approximately $2,237,000. Wealth Alliance raised its position in Sempra Energy by 7.2% during the third quarter. Wealth Alliance now owns 2,005 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 134 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Sempra Energy during the third quarter valued at approximately $955,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in Sempra Energy during the third quarter valued at approximately $720,000. Hedge funds and other institutional investors own 83.76% of the company’s stock.
Shares of Sempra Energy stock opened at $133.52 on Thursday. Sempra Energy has a one year low of $112.16 and a one year high of $137.47. The company has a market cap of $40.42 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 2.07 and a beta of 0.60. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.80 and a current ratio of 0.84. The business’s 50 day moving average price is $126.19 and its 200 day moving average price is $126.10.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be given a $1.10 dividend. The ex-dividend date is Wednesday, March 24th. This represents a $4.40 dividend on an annualized basis and a yield of 3.30%. This is an increase from Sempra Energy’s previous quarterly dividend of $1.05. Sempra Energy’s payout ratio is currently 64.90%.
SRE has been the subject of several recent research reports. Mizuho lifted their price target on Sempra Energy from $119.00 to $137.00 and gave the company a “neutral” rating in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Seaport Global Securities cut Sempra Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Barclays reduced their price target on Sempra Energy from $159.00 to $149.00 and set an “overweight” rating for the company in a research report on Tuesday, January 5th. Morgan Stanley dropped their price objective on Sempra Energy from $144.00 to $142.00 and set an “equal weight” rating on the stock in a report on Thursday, March 25th. Finally, BMO Capital Markets raised their price objective on Sempra Energy from $142.00 to $147.00 and gave the company a “market perform” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $144.00.
Sempra Energy Profile
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.
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