First American Trust FSB lifted its position in shares of Sempra Energy (NYSE:SRE) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 56,730 shares of the utilities provider’s stock after purchasing an additional 1,895 shares during the period. Sempra Energy makes up about 1.7% of First American Trust FSB’s investment portfolio, making the stock its 13th biggest position. First American Trust FSB’s holdings in Sempra Energy were worth $8,374,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. RB Capital Management LLC bought a new position in shares of Sempra Energy in the 3rd quarter worth about $237,000. Allworth Financial LP lifted its position in shares of Sempra Energy by 24.8% in the 3rd quarter. Allworth Financial LP now owns 1,510 shares of the utilities provider’s stock worth $223,000 after buying an additional 300 shares during the last quarter. Cooper Financial Group lifted its position in shares of Sempra Energy by 62.2% in the 3rd quarter. Cooper Financial Group now owns 5,149 shares of the utilities provider’s stock worth $760,000 after buying an additional 1,974 shares during the last quarter. Gulf International Bank UK Ltd lifted its position in shares of Sempra Energy by 4.9% in the 3rd quarter. Gulf International Bank UK Ltd now owns 65,945 shares of the utilities provider’s stock worth $9,734,000 after buying an additional 3,103 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Sempra Energy by 63.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 106,143 shares of the utilities provider’s stock worth $15,666,000 after purchasing an additional 41,104 shares during the last quarter. Institutional investors and hedge funds own 92.72% of the company’s stock.
In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the sale, the chief operating officer now owns 45,991 shares of the company’s stock, valued at approximately $6,586,371.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.
Several analysts recently issued reports on the company. Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $141.00 to $142.00 in a report on Thursday, June 27th. Wells Fargo & Co raised their target price on Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Barclays assumed coverage on Sempra Energy in a research note on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 target price on the stock. ValuEngine cut Sempra Energy from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Zacks Investment Research cut Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $149.44.
Shares of SRE traded down $0.15 during mid-day trading on Thursday, reaching $146.49. 24,767 shares of the company’s stock traded hands, compared to its average volume of 1,601,315. The business’s 50-day moving average price is $142.87 and its 200-day moving average price is $135.75. The stock has a market capitalization of $40.20 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.24 and a beta of 0.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.31 and a current ratio of 0.34. Sempra Energy has a 12 month low of $104.88 and a 12 month high of $148.14.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. During the same period last year, the firm posted $1.35 EPS. Equities research analysts anticipate that Sempra Energy will post 5.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.9675 per share. This represents a $3.87 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 19th. Sempra Energy’s payout ratio is currently 69.48%.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.
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