In this article we discuss the 5 best non-tech stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to 10 Best Non-Tech Stocks To Buy Now.
5. Sempra Energy (NYSE: SRE)
Number of Hedge Fund Holders: 33
PE Ratio: 10.05
California-based Sempra Energy owns Southern California Gas Company (SoCalGas), San Diego Gas & Electric (SDG&E), Oncor Electric Delivery Company (Oncor), Sempra LNG and IEnova. The company has over $60 billion in total assets. In the fourth quarter, the company posted adjusted EPS of $1.90, above the Street estimates by $0.33. Revenue in the quarter jumped 7.8% to $3.17 billion, missing the consensus by $350 million. The company also affirmed its 2021 EPS guidance range of $7.50 to $8.10 and upped its dividend. Its dividend yield currently stands at 3.39%.
The company is also getting the attention of the smart money, as 33 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the fourth quarter, up from 32 funds a quarter earlier.