Schechter Investment Advisors LLC raised its position in shares of Sempra (NYSE:SRE – Free Report) by 13.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,639 shares of the utilities provider’s stock after acquiring an additional 193 shares during the period. Schechter Investment Advisors LLC’s holdings in Sempra were worth $248,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora raised its position in shares of Sempra by 576.9% in the fourth quarter. OLD Second National Bank of Aurora now owns 176 shares of the utilities provider’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of Sempra by 567.9% in the fourth quarter. Dark Forest Capital Management LP now owns 187 shares of the utilities provider’s stock valued at $29,000 after buying an additional 159 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Sempra by 76.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 231 shares of the utilities provider’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Sempra in the fourth quarter valued at approximately $38,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Sempra in the fourth quarter valued at approximately $38,000. 84.45% of the stock is currently owned by institutional investors and hedge funds.
Sempra Stock Performance
Shares of Sempra stock opened at $149.64 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.86. Sempra has a twelve month low of $136.54 and a twelve month high of $176.47. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 3.39 and a beta of 0.73. The company’s fifty day moving average is $146.41 and its 200 day moving average is $151.38.
Sempra Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Wednesday, July 5th were paid a $1.19 dividend. The ex-dividend date was Monday, July 3rd. This represents a $4.76 annualized dividend and a dividend yield of 3.18%. Sempra’s dividend payout ratio is 61.34%.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Bank of America lowered their price objective on shares of Sempra from $173.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, March 28th. The Goldman Sachs Group assumed coverage on shares of Sempra in a research report on Wednesday, June 7th. They set a “buy” rating and a $178.00 price objective for the company. 888 restated a “maintains” rating on shares of Sempra in a research report on Friday, June 23rd. Morgan Stanley boosted their price objective on shares of Sempra from $150.00 to $164.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. Finally, StockNews.com assumed coverage on shares of Sempra in a research report on Thursday, May 18th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average price target of $168.57.
Sempra Company Profile
Sempra operates as an energy infrastructure company in the United States and internationally. It operates through four segments: San Diego Gas & Electric Company, Southern California Gas Company, Sempra Texas Utilities, and Sempra Infrastructure. The San Diego Gas & Electric Company segment provides to San Diego and southern Orange counties; and natural gas service to San Diego County.
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