Childress Capital Advisors LLC Invests $44,000 in Sempra Energy (NYSE:SRE)

Childress Capital Advisors LLC bought a new position in shares of Sempra Energy (NYSE:SRE) in the fourth quarter, HoldingsChannel reports. The firm bought 326 shares of the utilities provider’s stock, valued at approximately $44,000.

Other hedge funds have also modified their holdings of the company. Regent Peak Wealth Advisors LLC purchased a new position in shares of Sempra Energy during the 4th quarter worth approximately $26,000. Dimension Capital Management LLC acquired a new stake in shares of Sempra Energy in the 3rd quarter worth approximately $26,000. Clearview Wealth Advisors LLC acquired a new stake in shares of Sempra Energy in the 4th quarter worth approximately $29,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Sempra Energy in the 4th quarter worth approximately $30,000. Finally, Vantage Consulting Group Inc acquired a new stake in shares of Sempra Energy in the 4th quarter worth approximately $40,000. 83.76% of the stock is owned by institutional investors and hedge funds.

Shares of SRE opened at $133.52 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $40.42 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.60. The stock’s fifty day simple moving average is $126.19 and its 200 day simple moving average is $126.10. Sempra Energy has a twelve month low of $112.16 and a twelve month high of $137.47.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, February 25th. The utilities provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.35. Sempra Energy had a return on equity of 11.02% and a net margin of 34.85%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $1.55 EPS. Sell-side analysts predict that Sempra Energy will post 7.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be given a $1.10 dividend. The ex-dividend date is Wednesday, March 24th. This is a positive change from Sempra Energy’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 3.30%. Sempra Energy’s dividend payout ratio (DPR) is 64.90%.

A number of research firms recently weighed in on SRE. Mizuho upped their price target on Sempra Energy from $119.00 to $137.00 and gave the stock a “neutral” rating in a report on Wednesday, December 16th. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Sempra Energy from $142.00 to $147.00 and gave the company a “market perform” rating in a report on Tuesday. Morgan Stanley decreased their price objective on Sempra Energy from $144.00 to $142.00 and set an “equal weight” rating on the stock in a report on Thursday, March 25th. Seaport Global Securities cut Sempra Energy from a “buy” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Barclays decreased their price objective on Sempra Energy from $159.00 to $149.00 and set an “overweight” rating on the stock in a report on Tuesday, January 5th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $144.00.

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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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