Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Sempra (NYSE:SRE – Get Rating) by 10.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 200,398 shares of the utilities provider’s stock after buying an additional 18,904 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Sempra worth $33,691,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SRE. National Asset Management Inc. raised its position in Sempra by 14.8% in the fourth quarter. National Asset Management Inc. now owns 2,546 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 328 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Sempra by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 54,252 shares of the utilities provider’s stock worth $7,176,000 after acquiring an additional 1,499 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Sempra by 35.7% in the fourth quarter. Dupont Capital Management Corp now owns 3,421 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 900 shares in the last quarter. CWM LLC acquired a new position in shares of Sempra in the fourth quarter worth $577,000. Finally, Centaurus Financial Inc. grew its stake in shares of Sempra by 10.6% in the fourth quarter. Centaurus Financial Inc. now owns 1,518 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on SRE shares. Bank of America upgraded shares of Sempra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 14th. Royal Bank of Canada boosted their target price on shares of Sempra from $158.00 to $178.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 13th. The Goldman Sachs Group upgraded shares of Sempra from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $164.00 to $167.00 in a research note on Wednesday, July 6th. Citigroup boosted their target price on shares of Sempra from $142.00 to $171.00 in a research note on Thursday, April 28th. Finally, Credit Suisse Group initiated coverage on shares of Sempra in a research note on Monday, April 25th. They set an “outperform” rating and a $180.00 target price for the company. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.22.
Sempra Price Performance
Sempra (NYSE:SRE – Get Rating) last announced its earnings results on Thursday, August 4th. The utilities provider reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.23. Sempra had a net margin of 8.84% and a return on equity of 10.92%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the company earned $1.63 earnings per share. The business’s revenue was up 29.4% compared to the same quarter last year. On average, analysts predict that Sempra will post 8.51 EPS for the current year.
Sempra Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, July 7th were issued a dividend of $1.145 per share. The ex-dividend date was Wednesday, July 6th. This represents a $4.58 annualized dividend and a yield of 2.87%. Sempra’s dividend payout ratio is currently 128.29%.
Sempra Company Profile
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.
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