Investors Sell Sempra Energy (SRE) on Strength (SRE)
Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Monday. $28.97 million flowed into the stock on the tick-up and $79.14 million flowed out of the stock on the tick-down, for a money net flow of $50.17 million out of the stock. Of all stocks tracked, Sempra Energy had the 0th highest net out-flow for the day. Sempra Energy traded up $0.67 for the day and closed at $109.75
Several brokerages have commented on SRE. Guggenheim reiterated a “buy” rating and issued a $122.00 price target on shares of Sempra Energy in a research report on Friday, February 23rd. UBS Group began coverage on shares of Sempra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $124.00 price target on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $121.00 price target (down from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. TheStreet cut shares of Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, Bank of America cut shares of Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus price target of $119.80.
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 stock has a market cap of $28,021.83, a PE ratio of 109.61, a P/E/G ratio of 2.20 and a beta of 0.52.
The business 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. This represents a $3.58 annualized dividend and a yield of 3.23%. 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. Sempra Energy’s payout ratio is presently 325.75%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SRE. Pin Oak Investment Advisors Inc. acquired a new stake in Sempra Energy during the 4th quarter worth about $116,000. MHI Funds LLC acquired a new stake in Sempra Energy during the 4th quarter worth about $130,000. Front Row Advisors LLC acquired a new stake in Sempra Energy during the 4th quarter worth about $130,000. Calton & Associates Inc. acquired a new stake in Sempra Energy during the 4th quarter worth about $139,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in Sempra Energy during the 3rd quarter worth about $153,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
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Sempra Energy Company Profile
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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