D. E. Shaw & Co. Inc. increased its holdings in shares of Sempra Energy (NYSE:SRE) by 19.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 554,723 shares of the utilities provider’s stock after acquiring an additional 89,025 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.18% of Sempra Energy worth $73,545,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Logan Capital Management Inc. bought a new position in Sempra Energy in the 1st quarter valued at about $30,000. Wealthcare Advisory Partners LLC bought a new position in Sempra Energy in the 1st quarter valued at about $31,000. HBC Financial Services PLLC bought a new position in Sempra Energy in the 1st quarter valued at about $34,000. CVA Family Office LLC bought a new position in Sempra Energy in the 1st quarter valued at about $38,000. Finally, Vantage Consulting Group Inc bought a new position in Sempra Energy in the 4th quarter valued at about $40,000. 84.01% of the stock is currently owned by institutional investors and hedge funds.
NYSE:SRE opened at $130.30 on Thursday. The stock’s 50 day simple moving average is $135.99. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.91. Sempra Energy has a one year low of $112.33 and a one year high of $144.93. The firm has a market cap of $39.45 billion, a P/E ratio of 9.93, a PEG ratio of 3.32 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Wednesday, July 7th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, July 6th. This represents a $4.40 annualized dividend and a yield of 3.38%. Sempra Energy’s dividend payout ratio is presently 54.79%.
Several equities analysts have commented on the stock. Barclays raised their target price on shares of Sempra Energy from $145.00 to $158.00 and gave the company an “overweight” rating in a report on Tuesday, May 25th. Wells Fargo & Company lifted their price target on shares of Sempra Energy from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, June 30th. Mizuho lifted their price target on shares of Sempra Energy from $148.00 to $154.00 and gave the company a “buy” rating in a report on Monday, June 28th. Morgan Stanley decreased their price target on shares of Sempra Energy from $158.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, BMO Capital Markets decreased their price target on shares of Sempra Energy from $151.00 to $145.00 and set a “market perform” rating on the stock in a report on Friday, June 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $148.43.
Sempra Energy Company Profile
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.
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