QUANTRES ASSET MANAGEMENT Ltd raised its stake in shares of Sempra Energy (NYSE:SRE) by 132.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,900 shares of the utilities provider’s stock after acquiring an additional 4,500 shares during the quarter. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Sempra Energy were worth $845,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SRE. Capital International Investors boosted its stake in Sempra Energy by 14.8% during the 3rd quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock valued at $1,308,797,000 after acquiring an additional 1,474,282 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Sempra Energy in the 2nd quarter worth about $85,559,000. Janus Henderson Group PLC lifted its position in shares of Sempra Energy by 1,806.5% in the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock worth $68,288,000 after buying an additional 573,891 shares during the last quarter. CI Investments Inc. lifted its position in shares of Sempra Energy by 125.3% in the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock worth $104,233,000 after buying an additional 514,100 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Sempra Energy by 16.2% in the 2nd quarter. Northern Trust Corp now owns 3,148,064 shares of the utilities provider’s stock worth $354,945,000 after buying an additional 439,359 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Shares of Sempra Energy (NYSE SRE) opened at $108.45 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Sempra Energy has a twelve month low of $99.71 and a twelve month high of $122.97. The firm has a market cap of $27,090.00, a PE ratio of 24.05, a P/E/G ratio of 2.18 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.8225 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.03%. Sempra Energy’s dividend payout ratio (DPR) is presently 72.95%.
SRE has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co reduced their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $122.33.
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Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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