Nomura Asset Management Co. Ltd. lifted its position in shares of Sempra Energy (NYSE:SRE) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,004 shares of the utilities provider’s stock after buying an additional 1,484 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Sempra Energy were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MHI Funds LLC acquired a new stake in shares of Sempra Energy during the 4th quarter worth approximately $130,000. Front Row Advisors LLC acquired a new stake in shares of Sempra Energy during the 4th quarter worth approximately $130,000. Calton & Associates Inc. acquired a new stake in shares of Sempra Energy during the 4th quarter worth approximately $139,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy during the 3rd quarter worth approximately $153,000. Finally, Focused Wealth Management Inc acquired a new stake in shares of Sempra Energy during the 4th quarter worth approximately $160,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) opened at $110.70 on Wednesday. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.50 and a quick ratio of 0.46. The firm has a market cap of $28,021.83, a P/E ratio of 20.25, a P/E/G ratio of 2.20 and a beta of 0.52.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 23rd will be issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, March 22nd. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. Sempra Energy’s dividend payout ratio (DPR) is 325.75%.
A number of analysts have recently issued reports on SRE shares. Zacks Investment Research downgraded shares of Sempra Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. Bank of America downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price target for the company. in a report on Thursday, December 28th. Wells Fargo & Co restated a “buy” rating and set a $121.00 price target (down previously from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. TheStreet downgraded shares of Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Finally, Guggenheim restated a “buy” rating and set a $122.00 price target on shares of Sempra Energy in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus price target of $119.80.
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About Sempra Energy
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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