Guggenheim Capital LLC Cuts Stock Position in Sempra (NYSE:SRE)

Guggenheim Capital LLC lowered its stake in Sempra (NYSE:SREGet Rating) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 162,244 shares of the utilities provider’s stock after selling 4,900 shares during the quarter. Guggenheim Capital LLC’s holdings in Sempra were worth $27,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Sempra by 9.8% in the 4th quarter. BlackRock Inc. now owns 29,524,026 shares of the utilities provider’s stock worth $3,905,435,000 after buying an additional 2,631,949 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Sempra by 0.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 106,365 shares of the utilities provider’s stock worth $17,187,000 after buying an additional 563 shares during the last quarter. Herold Advisors Inc. purchased a new stake in shares of Sempra in the 1st quarter worth approximately $34,000. Van ECK Associates Corp grew its stake in shares of Sempra by 2.4% in the 1st quarter. Van ECK Associates Corp now owns 61,780 shares of the utilities provider’s stock worth $10,386,000 after buying an additional 1,422 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of Sempra by 36.9% in the 1st quarter. Meeder Asset Management Inc. now owns 4,264 shares of the utilities provider’s stock worth $717,000 after buying an additional 1,149 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Sempra Price Performance

NYSE SRE opened at $175.65 on Tuesday. The business’s fifty day moving average price is $161.22 and its 200-day moving average price is $159.79. The stock has a market capitalization of $55.21 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 3.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.78 and a quick ratio of 0.73. Sempra has a 1-year low of $119.56 and a 1-year high of $176.47.

Sempra (NYSE:SREGet Rating) last released its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.23. The firm had revenue of $3.55 billion for 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 company’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, equities analysts predict that Sempra will post 8.65 earnings per share for the current year.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 23rd will be given a dividend of $1.145 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $4.58 dividend on an annualized basis and a dividend yield of 2.61%. Sempra’s payout ratio is 128.29%.

Wall Street Analyst Weigh In

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

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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