Davidson Investment Advisors trimmed its stake in Sempra Energy (NYSE:SRE) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,969 shares of the utilities provider’s stock after selling 1,894 shares during the period. Sempra Energy makes up about 1.2% of Davidson Investment Advisors’ portfolio, making the stock its 23rd biggest position. Davidson Investment Advisors’ holdings in Sempra Energy were worth $11,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Shell Asset Management Co. lifted its stake in shares of Sempra Energy by 14.1% in the 3rd quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock valued at $6,961,000 after purchasing an additional 8,165 shares during the last quarter. Capital Guardian Trust Co. lifted its stake in shares of Sempra Energy by 10.7% in the 3rd quarter. Capital Guardian Trust Co. now owns 276,328 shares of the utilities provider’s stock valued at $31,537,000 after purchasing an additional 26,798 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Sempra Energy by 3.4% in the 3rd quarter. New York State Common Retirement Fund now owns 542,500 shares of the utilities provider’s stock valued at $61,916,000 after purchasing an additional 17,800 shares during the last quarter. Capital International Investors lifted its stake in shares of Sempra Energy by 14.8% in 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 purchasing an additional 1,474,282 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Sempra Energy in the 3rd quarter valued at approximately $928,000. 73.76% of the stock is owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE SRE) opened at $106.81 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. The firm has a market capitalization of $27,173.47, a P/E ratio of 23.68, a PEG ratio of 2.18 and a beta of 0.56.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.8225 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.29 annualized dividend and a dividend yield of 3.08%. Sempra Energy’s payout ratio is 72.95%.
Several research firms have recently issued reports on SRE. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. JPMorgan Chase & Co. raised their price objective 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 assumed coverage on Sempra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective for the company. UBS Group assumed coverage on Sempra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $124.00 price target on the stock. Finally, Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $121.89.
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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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