Fisher Asset Management LLC Makes New Investment in Sempra (NYSE:SRE)

Fisher Asset Management LLC acquired a new position in Sempra (NYSE:SREGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,596 shares of the utilities provider’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Sempra by 1,763.6% in the fourth quarter. Acadian Asset Management LLC now owns 205 shares of the utilities provider’s stock worth $26,000 after buying an additional 194 shares during the period. Benjamin Edwards Inc. lifted its holdings in Sempra by 171.8% in the fourth quarter. Benjamin Edwards Inc. now owns 280 shares of the utilities provider’s stock worth $37,000 after buying an additional 177 shares during the period. AHL Investment Management Inc. purchased a new position in shares of Sempra during the fourth quarter valued at approximately $39,000. FSB Premier Wealth Management Inc. purchased a new position in shares of Sempra during the fourth quarter valued at approximately $39,000. Finally, Sierra Capital LLC purchased a new position in shares of Sempra during the fourth quarter valued at approximately $40,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Price Performance

Shares of SRE opened at $159.79 on Friday. The company has a market capitalization of $50.22 billion, a P/E ratio of 50.41, a price-to-earnings-growth ratio of 3.34 and a beta of 0.67. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $153.50 and a 200 day moving average of $153.89. Sempra has a twelve month low of $119.56 and a twelve month high of $173.28.

Sempra (NYSE:SREGet Rating) last posted its earnings results on Thursday, August 4th. The utilities provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23. Sempra had a net margin of 8.44% and a return on equity of 10.96%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s revenue was up 29.4% on a year-over-year basis. As a group, equities research analysts anticipate that Sempra will post 8.55 earnings per share for the current fiscal year.

Sempra Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, July 7th were given a $1.145 dividend. This represents a $4.58 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, July 6th. Sempra’s dividend payout ratio (DPR) is presently 144.48%.

Analyst Ratings Changes

Several research firms have recently issued reports on SRE. Credit Suisse Group began coverage on shares of Sempra in a report on Monday, April 25th. They set an “outperform” rating and a $180.00 target price for the company. Royal Bank of Canada lifted their target price on shares of Sempra from $158.00 to $178.00 and gave the company an “outperform” rating in a report on Wednesday, April 13th. Citigroup lifted their target price on shares of Sempra from $142.00 to $171.00 in a report on Thursday, April 28th. Barclays lowered their target price on shares of Sempra from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Finally, The Goldman Sachs Group upgraded shares of Sempra from a “neutral” rating to a “buy” rating and lifted their target price for the company from $164.00 to $167.00 in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra has an average rating of “Moderate Buy” and an average target price of $166.22.

Sempra Company Profile

(Get Rating)

Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.

Further Reading

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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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