Point72 Asia Singapore Pte. Ltd. Makes New $199,000 Investment in Sempra (NYSE:SRE)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sempra (NYSE:SRE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,610 shares of the utilities provider’s stock, valued at approximately $199,000.

Several other institutional investors also recently made changes to their positions in the stock. NEOS Investment Management LLC increased its stake in Sempra by 49.3% during the fourth quarter. NEOS Investment Management LLC now owns 8,931 shares of the utilities provider’s stock worth $667,000 after acquiring an additional 2,950 shares during the last quarter. Rafferty Asset Management LLC increased its position in Sempra by 9.5% during the 4th quarter. Rafferty Asset Management LLC now owns 70,213 shares of the utilities provider’s stock worth $5,247,000 after purchasing an additional 6,077 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Sempra during the fourth quarter valued at approximately $231,000. Tower Research Capital LLC TRC lifted its position in Sempra by 86.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 67,610 shares of the utilities provider’s stock valued at $5,052,000 after buying an additional 31,436 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Sempra by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 38,190 shares of the utilities provider’s stock worth $2,854,000 after acquiring an additional 147 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Trading Down 0.6 %

NYSE SRE opened at $83.38 on Thursday. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.46 and a quick ratio of 0.41. Sempra has a 12 month low of $63.75 and a 12 month high of $84.47. The company’s fifty day moving average price is $81.31 and its two-hundred day moving average price is $76.62.

Sempra (NYSE:SRE) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.46 billion. Sempra had a return on equity of 8.58% and a net margin of 22.31%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. As a group, research analysts predict that Sempra will post 4.79 earnings per share for the current fiscal year.

Sempra Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, September 26th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 26th. Sempra’s dividend payout ratio is currently 54.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SRE. BMO Capital Markets lifted their target price on shares of Sempra from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Morgan Stanley upped their target price on Sempra from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Evercore ISI raised their target price on Sempra from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays upped their price target on Sempra from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Bank of America began coverage on shares of Sempra in a research note on Thursday, September 12th. They set a “buy” rating and a $94.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Sempra currently has an average rating of “Moderate Buy” and a consensus price target of $85.58.

Sempra Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.