Oakbrook Investments LLC cut its position in shares of Sempra Energy (NYSE:SRE) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,847 shares of the utilities provider’s stock after selling 950 shares during the quarter. Oakbrook Investments LLC’s holdings in Sempra Energy were worth $1,053,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of SRE. Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy in the third quarter worth $153,000. Rocky Mountain Advisers LLC acquired a new stake in Sempra Energy during the third quarter valued at $183,000. San Francisco Sentry Investment Group CA acquired a new stake in Sempra Energy during the second quarter valued at $186,000. Zions Bancorporation boosted its position in Sempra Energy by 281.1% during the third quarter. Zions Bancorporation now owns 1,738 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Sempra Energy by 89.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,812 shares of the utilities provider’s stock valued at $207,000 after buying an additional 858 shares in the last quarter. Institutional investors own 73.76% of the company’s stock.
Several equities analysts have weighed in on the company. UBS Group began coverage on Sempra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $124.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. JPMorgan Chase & Co. boosted their price target on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Bank of America downgraded Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price objective on the stock. in a report on Thursday, December 28th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $121.00 price objective (down from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $121.89.
Sempra Energy (NYSE SRE) traded up $0.51 on Monday, hitting $106.62. 1,700,000 shares of the company were exchanged, compared to its average volume of 3,140,000. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97. The company has a market cap of $26,800.00, a PE ratio of 23.64, a P/E/G ratio of 2.17 and a beta of 0.56.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, December 28th. Sempra Energy’s dividend payout ratio is currently 72.95%.
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Sempra Energy 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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