Sempra (NYSE:SRE) Shares Bought by Horizon Investments LLC

Horizon Investments LLC increased its position in shares of Sempra (NYSE:SREGet Rating) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,845 shares of the utilities provider’s stock after purchasing an additional 794 shares during the quarter. Horizon Investments LLC’s holdings in Sempra were worth $1,319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SRE. Acadian Asset Management LLC raised its position in shares of Sempra by 1,763.6% during the 4th quarter. Acadian Asset Management LLC now owns 205 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 194 shares during the last quarter. Herold Advisors Inc. acquired a new position in shares of Sempra during the first quarter worth $34,000. Kings Point Capital Management boosted its position in Sempra by 70.8% in the 1st quarter. Kings Point Capital Management now owns 205 shares of the utilities provider’s stock valued at $34,000 after buying an additional 85 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Sempra during the fourth quarter worth approximately $40,000. Finally, Riverview Trust Co bought a new stake in shares of Sempra in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SRE shares. Barclays lowered their price objective on Sempra from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Morgan Stanley lifted their target price on shares of Sempra from $160.00 to $169.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. The Goldman Sachs Group raised shares of Sempra from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $164.00 to $167.00 in a report on Wednesday, July 6th. Finally, Bank of America upgraded Sempra from a “neutral” rating to a “buy” rating in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.22.

Sempra Trading Up 0.5 %

Shares of NYSE:SRE opened at $173.76 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.88. The firm has a market cap of $54.61 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 3.49 and a beta of 0.67. Sempra has a 12 month low of $119.56 and a 12 month high of $174.88. The company’s fifty day simple moving average is $161.22 and its 200 day simple moving average is $159.79.

Sempra (NYSE:SREGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.75 by $0.23. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3 billion. Sempra had a return on equity of 11.01% and a net margin of 8.84%. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. As a group, research analysts forecast that Sempra will post 8.65 EPS for the current fiscal year.

Sempra Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 23rd will be given a dividend of $1.145 per share. This represents a $4.58 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 22nd. Sempra’s dividend payout ratio is presently 128.29%.

Sempra Company Profile

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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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Institutional Ownership by Quarter for Sempra (NYSE:SRE)

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