Rothschild Asset Management Inc. boosted its position in shares of Sempra Energy (NYSE:SRE) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,619 shares of the utilities provider’s stock after buying an additional 48 shares during the period. Rothschild Asset Management Inc.’s holdings in Sempra Energy were worth $521,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Watermark Asset Management Inc. purchased a new position in shares of Sempra Energy during the first quarter worth approximately $411,000. Parametrica Management Ltd purchased a new position in shares of Sempra Energy during the first quarter worth approximately $312,000. Teza Capital Management LLC purchased a new position in shares of Sempra Energy during the first quarter worth approximately $814,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Sempra Energy by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,696 shares of the utilities provider’s stock worth $4,386,000 after buying an additional 103 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Sempra Energy by 0.7% in the first quarter. Prudential Financial Inc. now owns 352,815 shares of the utilities provider’s stock worth $38,986,000 after buying an additional 2,590 shares during the period. Institutional investors own 80.51% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) opened at 115.61 on Friday. The stock’s 50 day moving average price is $113.47 and its 200 day moving average price is $111.20. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.54. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts predict 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 paid a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s payout ratio is currently 48.74%.
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A number of research firms have issued reports on SRE. Morgan Stanley reduced their price target on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Friday, April 28th. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a research report on Thursday, June 8th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sempra Energy has a consensus 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 company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the sale, the chief executive officer now owns 112,345 shares in the company, valued at $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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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