Avantax Advisory Services Inc. increased its position in shares of Sempra (NYSE:SRE – Get Rating) by 25.8% during the third quarter, HoldingsChannel.com reports. The firm owned 5,326 shares of the utilities provider’s stock after buying an additional 1,092 shares during the period. Avantax Advisory Services Inc.’s holdings in Sempra were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. ClearBridge Investments Ltd bought a new stake in Sempra in the first quarter valued at $130,223,000. Prudential Financial Inc. grew its position in Sempra by 154.6% in the second quarter. Prudential Financial Inc. now owns 876,292 shares of the utilities provider’s stock valued at $131,680,000 after acquiring an additional 532,093 shares during the period. Jennison Associates LLC grew its position in Sempra by 75.8% in the third quarter. Jennison Associates LLC now owns 1,046,771 shares of the utilities provider’s stock valued at $156,953,000 after acquiring an additional 451,191 shares during the period. Invesco Ltd. grew its position in Sempra by 22.2% in the first quarter. Invesco Ltd. now owns 2,287,516 shares of the utilities provider’s stock valued at $384,577,000 after acquiring an additional 416,022 shares during the period. Finally, State Street Corp grew its position in Sempra by 1.7% in the second quarter. State Street Corp now owns 18,800,250 shares of the utilities provider’s stock valued at $2,825,114,000 after acquiring an additional 305,700 shares during the period. 84.75% of the stock is currently owned by institutional investors.
Sempra Trading Up 1.4 %
Shares of SRE opened at $157.99 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.84. Sempra has a 12-month low of $129.69 and a 12-month high of $176.47. The firm has a market capitalization of $49.66 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.08 and a beta of 0.69. The stock’s fifty day simple moving average is $159.42 and its 200-day simple moving average is $158.51.
Sempra Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Sunday, January 15th. Shareholders of record on Thursday, December 22nd were paid a $1.145 dividend. This represents a $4.58 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, December 21st. Sempra’s payout ratio is 64.24%.
Analysts Set New Price Targets
A number of brokerages have weighed in on SRE. Seaport Res Ptn reiterated a “neutral” rating on shares of Sempra in a research report on Monday, October 24th. Morgan Stanley boosted their price objective on Sempra from $153.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 15th. Mizuho reduced their price objective on Sempra from $173.00 to $161.00 and set a “buy” rating on the stock in a research note on Monday, October 3rd. Wells Fargo & Company boosted their price objective on Sempra from $168.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 14th. Finally, StockNews.com began coverage on Sempra in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.11.
Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.
- Get a free copy of the StockNews.com research report on Sempra (SRE)
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