Eastern Bank acquired a new position in shares of Sempra (NYSE:SRE – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 334 shares of the utilities provider’s stock, valued at approximately $28,000.
Several other hedge funds have also recently bought and sold shares of SRE. GSA Capital Partners LLP acquired a new stake in shares of Sempra in the first quarter valued at approximately $815,000. Magnetar Financial LLC acquired a new stake in shares of Sempra in the first quarter valued at approximately $2,293,000. Forsta AP Fonden raised its position in shares of Sempra by 13.7% in the first quarter. Forsta AP Fonden now owns 117,200 shares of the utilities provider’s stock valued at $8,418,000 after buying an additional 14,100 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Sempra by 249.9% in the first quarter. SG Americas Securities LLC now owns 155,854 shares of the utilities provider’s stock valued at $11,195,000 after buying an additional 111,314 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its position in shares of Sempra by 319.5% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 196,954 shares of the utilities provider’s stock valued at $14,980,000 after buying an additional 150,000 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Sempra Stock Performance
NYSE SRE opened at $84.38 on Friday. The firm’s fifty day moving average price is $82.90 and its two-hundred day moving average price is $78.12. The stock has a market cap of $53.43 billion, a PE ratio of 18.03, a PEG ratio of 2.70 and a beta of 0.75. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $86.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 0.46.
Sempra Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, September 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.48 annualized dividend and a dividend yield of 2.94%. Sempra’s dividend payout ratio is 52.99%.
Analysts Set New Price Targets
SRE has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on shares of Sempra from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays boosted their price objective on shares of Sempra from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America began coverage on shares of Sempra in a research report on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective for the company. Jefferies Financial Group began coverage on shares of Sempra in a research report on Thursday. They set a “buy” rating and a $98.00 price objective for the company. Finally, Evercore ISI boosted their price objective on shares of Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.55.
Read Our Latest Research Report on SRE
Sempra Company Profile
Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.
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