Forsta AP Fonden trimmed its holdings in Sempra (NYSE:SRE – Get Rating) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,700 shares of the utilities provider’s stock after selling 1,600 shares during the quarter. Forsta AP Fonden’s holdings in Sempra were worth $13,399,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of Sempra by 1,763.6% during the fourth quarter. Acadian Asset Management LLC now owns 205 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 194 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Sempra by 171.8% during the fourth quarter. Benjamin Edwards Inc. now owns 280 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 177 shares during the last quarter. AHL Investment Management Inc. purchased a new position in shares of Sempra during the fourth quarter worth approximately $39,000. FSB Premier Wealth Management Inc. purchased a new position in shares of Sempra during the fourth quarter worth approximately $39,000. Finally, Sierra Capital LLC purchased a new position in shares of Sempra during the fourth quarter worth approximately $40,000. 86.06% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on SRE shares. Bank of America upgraded shares of Sempra from a “neutral” rating to a “buy” rating in a research report on Thursday, July 14th. Royal Bank of Canada lifted their price objective on shares of Sempra from $158.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, April 13th. Morgan Stanley lifted their price objective on shares of Sempra from $152.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, July 21st. Citigroup lifted their price objective on shares of Sempra from $142.00 to $171.00 in a research report on Thursday, April 28th. Finally, Credit Suisse Group assumed coverage on shares of Sempra in a research report on Monday, April 25th. They issued an “outperform” rating and a $180.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.22.
Sempra Price Performance
Sempra (NYSE:SRE – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.23. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3 billion. Sempra had a return on equity of 10.92% and a net margin of 8.84%. The business’s revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. Analysts forecast that Sempra will post 8.51 EPS for the current fiscal year.
Sempra Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, July 7th were paid a dividend of $1.145 per share. This represents a $4.58 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, July 6th. Sempra’s dividend payout ratio (DPR) is presently 128.29%.
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.
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