TD Asset Management Inc. cut its stake in Sempra Energy (NYSE:SRE) by 21.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,170 shares of the utilities provider’s stock after selling 55,994 shares during the period. TD Asset Management Inc. owned about 0.08% of Sempra Energy worth $23,584,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock valued at $2,206,556,000 after buying an additional 19,262,128 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock valued at $1,919,015,000 after buying an additional 596,498 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 valued at $943,907,000 after buying an additional 400,464 shares during the last quarter. Morgan Stanley boosted its position in shares of Sempra Energy by 1.9% in the first quarter. Morgan Stanley now owns 4,087,824 shares of the utilities provider’s stock valued at $451,706,000 after buying an additional 76,182 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 3,951,728 shares of the utilities provider’s stock valued at $436,666,000 after buying an additional 11,080 shares during the last quarter. 80.51% of the stock is currently owned by institutional investors.
Sempra Energy (NYSE:SRE) opened at 115.61 on Friday. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The firm has a 50 day moving average of $113.47 and a 200 day moving average of $111.20. The firm has a market capitalization of $29.03 billion, a PE ratio of 17.10 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business earned $0.79 EPS. Sempra Energy’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities analysts forecast that Sempra Energy will post $5.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were paid a dividend of $0.8225 per share. 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 payout ratio is 48.74%.
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Several research analysts have commented on the stock. UBS AG reiterated a “buy” rating and issued a $128.00 target price (up from $124.00) on shares of Sempra Energy in a report on Tuesday, April 18th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley raised their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
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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