Cetera Advisor Networks LLC Has $4.26 Million Position in Sempra (NYSE:SRE)

Cetera Advisor Networks LLC increased its holdings in shares of Sempra (NYSE:SREGet Rating) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 28,326 shares of the utilities provider’s stock after acquiring an additional 890 shares during the period. Cetera Advisor Networks LLC’s holdings in Sempra were worth $4,257,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SRE. BlackRock Inc. lifted its holdings in Sempra by 0.7% during the 1st quarter. BlackRock Inc. now owns 29,741,620 shares of the utilities provider’s stock valued at $5,000,160,000 after purchasing an additional 217,594 shares during the last quarter. Capital International Investors lifted its holdings in Sempra by 7.3% during the 1st quarter. Capital International Investors now owns 20,520,596 shares of the utilities provider’s stock valued at $3,449,811,000 after purchasing an additional 1,397,703 shares during the last quarter. State Street Corp lifted its holdings in Sempra by 4.4% during the 1st quarter. State Street Corp now owns 18,494,550 shares of the utilities provider’s stock valued at $3,130,114,000 after purchasing an additional 771,489 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Sempra by 1.6% during the 1st quarter. Wellington Management Group LLP now owns 12,852,271 shares of the utilities provider’s stock valued at $2,160,724,000 after purchasing an additional 201,639 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Sempra by 6.9% during the 1st quarter. Bank of America Corp DE now owns 3,909,761 shares of the utilities provider’s stock valued at $657,309,000 after purchasing an additional 252,241 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SRE shares. StockNews.com started coverage on shares of Sempra in a report on Wednesday, October 12th. They set a “hold” rating for the company. Guggenheim dropped their target price on shares of Sempra from $174.00 to $165.00 in a research note on Monday, October 24th. Mizuho dropped their target price on shares of Sempra from $173.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, October 3rd. Wells Fargo & Company dropped their target price on shares of Sempra from $189.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on shares of Sempra in a research note on Monday, October 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

Sempra Trading Up 1.7 %

SRE opened at $163.00 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.57 and a quick ratio of 0.51. The company has a market cap of $51.24 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.19 and a beta of 0.66. The firm has a 50 day simple moving average of $153.54 and a 200 day simple moving average of $157.24. Sempra has a fifty-two week low of $119.56 and a fifty-two week high of $176.47.

Sempra Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Thursday, December 22nd will be issued a dividend of $1.145 per share. This represents a $4.58 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, December 21st. Sempra’s dividend payout ratio is currently 64.24%.

About Sempra

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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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