Americafirst Capital Management LLC decreased its position in shares of Sempra Energy (NYSE:SRE) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,963 shares of the utilities provider’s stock after selling 462 shares during the period. Americafirst Capital Management LLC’s holdings in Sempra Energy were worth $447,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of SRE. Van ECK Associates Corp grew its position in shares of Sempra Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 2,157 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 329 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Sempra Energy by 1.9% during the first quarter. OppenheimerFunds Inc. now owns 11,615 shares of the utilities provider’s stock valued at $1,283,000 after purchasing an additional 218 shares in the last quarter. Israel Discount Bank of New York purchased a new position in shares of Sempra Energy during the first quarter valued at about $322,000. FDO Partners LLC purchased a new position in shares of Sempra Energy during the first quarter valued at about $268,000. Finally, Laurion Capital Management LP purchased a new position in shares of Sempra Energy during the first quarter valued at about $4,818,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.
A number of brokerages have recently weighed in on SRE. J P Morgan Chase & Co cut their price objective on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday. Goldman Sachs Group, Inc. (The) upgraded Sempra Energy from a “neutral” rating to a “buy” rating and set a $129.00 price target for the company in a research report on Wednesday. BidaskClub upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Finally, Morgan Stanley lifted their price target on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $124.22.
Shares of Sempra Energy (NYSE:SRE) traded up 0.18% on Friday, hitting $116.17. The company’s stock had a trading volume of 190,063 shares. The stock has a 50-day moving average price of $116.61 and a 200 day moving average price of $114.22. Sempra Energy has a one year low of $92.95 and a one year high of $120.17. The firm has a market cap of $29.17 billion, a price-to-earnings ratio of 17.18 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. Equities research analysts predict that Sempra Energy will post $5.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be given a $0.8225 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $3.29 annualized dividend and a yield of 2.84%. Sempra Energy’s dividend payout ratio is presently 48.74%.
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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