Jump Financial LLC raised its stake in shares of Sempra (NYSE:SRE – Free Report) by 86.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,501 shares of the utilities provider’s stock after buying an additional 3,013 shares during the quarter. Jump Financial LLC’s holdings in Sempra were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Sempra during the 4th quarter valued at approximately $1,000,291,000. Geode Capital Management LLC boosted its position in shares of Sempra by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,797,835 shares of the utilities provider’s stock valued at $894,472,000 after acquiring an additional 30,861 shares during the last quarter. Morgan Stanley lifted its position in Sempra by 24.9% in the fourth quarter. Morgan Stanley now owns 4,933,253 shares of the utilities provider’s stock worth $762,385,000 after buying an additional 982,317 shares during the last quarter. Clearbridge Investments LLC lifted its position in Sempra by 4.9% in the fourth quarter. Clearbridge Investments LLC now owns 4,767,435 shares of the utilities provider’s stock worth $736,759,000 after buying an additional 224,547 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Sempra by 0.7% in the first quarter. Northern Trust Corp now owns 3,795,347 shares of the utilities provider’s stock worth $638,074,000 after buying an additional 24,679 shares during the last quarter. 84.45% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SRE. Morgan Stanley reiterated an “equal weight” rating and issued a $158.00 target price on shares of Sempra in a research note on Friday, July 21st. StockNews.com began coverage on Sempra in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Guggenheim reduced their target price on Sempra from $174.00 to $172.00 in a research note on Friday, July 7th. 888 reiterated a “maintains” rating on shares of Sempra in a research note on Friday, June 23rd. Finally, The Goldman Sachs Group assumed coverage on Sempra in a research note on Wednesday, June 7th. They set a “buy” rating and a $178.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.71.
Sempra Price Performance
Shares of NYSE:SRE opened at $146.87 on Thursday. The company has a market cap of $46.21 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.36 and a beta of 0.73. 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 52 week low of $136.54 and a 52 week high of $176.47. The business has a fifty day simple moving average of $146.81 and a 200-day simple moving average of $150.89.
Sempra (NYSE:SRE – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $2.92 EPS for the quarter, topping the consensus estimate of $2.76 by $0.16. The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Sempra had a return on equity of 10.28% and a net margin of 14.47%. The company’s revenue was up 71.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.91 earnings per share. Equities research analysts forecast that Sempra will post 8.93 EPS for the current year.
Sempra Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Wednesday, July 5th were given a $1.19 dividend. The ex-dividend date was Monday, July 3rd. This represents a $4.76 dividend on an annualized basis and a yield of 3.24%. Sempra’s dividend payout ratio (DPR) is 61.34%.
About Sempra
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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