Louisiana State Employees Retirement System boosted its position in Sempra Energy (NYSE:SRE) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,600 shares of the utilities provider’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Sempra Energy were worth $1,759,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after buying an additional 19,262,128 shares during the period. Vanguard Group Inc. boosted its position in Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after buying an additional 596,498 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Sempra Energy by 17.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,581,705 shares of the utilities provider’s stock worth $395,778,000 after buying an additional 544,234 shares during the period. First Trust Advisors LP raised its stake in Sempra Energy by 256.7% in the first quarter. First Trust Advisors LP now owns 666,515 shares of the utilities provider’s stock worth $73,650,000 after buying an additional 479,656 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Sempra Energy by 4.9% in the first quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock worth $943,907,000 after buying an additional 400,464 shares in the last quarter. Institutional investors own 80.51% of the company’s stock.
Sempra Energy (SRE) traded down 0.39% during trading on Friday, reaching $115.61. The company had a trading volume of 518,264 shares. The company has a market capitalization of $29.03 billion, a PE ratio of 17.10 and a beta of 0.54. The stock has a 50 day moving average price of $113.47 and a 200-day moving average price of $111.20. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $117.97.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts anticipate that Sempra Energy will post $5.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were issued a $0.8225 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $3.29 dividend on an annualized basis and a yield of 2.85%. Sempra Energy’s dividend payout ratio is currently 48.74%.
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A number of research firms have recently weighed in on SRE. UBS AG reaffirmed a “buy” rating and set a $128.00 price objective (up previously from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley upped their price objective on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sempra Energy currently has an average rating of “Buy” and an average price target of $121.00.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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