Sempra Energy (SRE) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC grew its position in Sempra Energy (NYSE:SRE) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,656,308 shares of the utilities provider’s stock after acquiring an additional 85,865 shares during the quarter. Geode Capital Management LLC’s holdings in Sempra Energy were worth $283,424,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRE. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Sempra Energy by 12.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,097 shares of the utilities provider’s stock valued at $3,093,000 after purchasing an additional 2,929 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Sempra Energy in the 3rd quarter valued at about $2,540,000. Canada Pension Plan Investment Board lifted its stake in shares of Sempra Energy by 103.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 403,376 shares of the utilities provider’s stock valued at $46,037,000 after purchasing an additional 204,763 shares in the last quarter. Andra AP fonden raised its holdings in shares of Sempra Energy by 8.8% during the 3rd quarter. Andra AP fonden now owns 34,600 shares of the utilities provider’s stock valued at $3,949,000 after buying an additional 2,800 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Sempra Energy by 2.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 359,839 shares of the utilities provider’s stock valued at $41,068,000 after buying an additional 8,280 shares during the period. 84.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE:SRE) opened at $107.09 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.09. Sempra Energy has a twelve month low of $100.63 and a twelve month high of $122.97. The stock has a market capitalization of $27,342.67, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.14 and a beta of 0.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.895 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a yield of 3.34%. Sempra Energy’s payout ratio is currently 325.75%.
Several equities research analysts recently commented on the company. Wells Fargo & Co reiterated a “buy” rating and set a $120.00 target price (down from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. UBS Group assumed coverage on Sempra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $124.00 target price on the stock. TheStreet downgraded Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Sempra Energy in a report on Friday, February 23rd. Finally, Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $121.80.
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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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