Teachers Advisors LLC lessened its position in shares of Sempra Energy (NYSE:SRE) by 16.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,009,458 shares of the utilities provider’s stock after selling 192,377 shares during the quarter. Teachers Advisors LLC’s holdings in Sempra Energy were worth $107,931,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. MHI Funds LLC acquired a new position in Sempra Energy in the 4th quarter valued at about $130,000. Front Row Advisors LLC acquired a new position in Sempra Energy in the 4th quarter valued at about $130,000. Calton & Associates Inc. acquired a new position in Sempra Energy in the 4th quarter valued at about $139,000. Fieldpoint Private Securities LLC acquired a new position in Sempra Energy in the 3rd quarter valued at about $153,000. Finally, Focused Wealth Management Inc acquired a new position in Sempra Energy in the 4th quarter valued at about $160,000. 86.37% of the stock is owned by institutional investors and hedge funds.
Shares of Sempra Energy (SRE) opened at $110.70 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $28,021.83, a PE ratio of 109.61, a price-to-earnings-growth ratio of 2.20 and a beta of 0.52. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 23rd will be issued a $0.895 dividend. This is a boost from Sempra Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, March 22nd. This represents a $3.58 annualized dividend and a yield of 3.23%. Sempra Energy’s payout ratio is 325.75%.
Several research analysts recently weighed in on SRE shares. TheStreet downgraded shares of Sempra Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 27th. Wells Fargo & Co reissued a “buy” rating and issued a $121.00 target price (down previously from $130.00) on shares of Sempra Energy in a research note on Wednesday, January 3rd. UBS Group started coverage on shares of Sempra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price for the company. Bank of America downgraded shares of Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a research note on Friday, December 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $122.00 target price on shares of Sempra Energy in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $119.80.
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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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