New York State Teachers Retirement System decreased its position in Sempra Energy (NYSE:SRE) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 335,679 shares of the utilities provider’s stock after selling 5,590 shares during the quarter. New York State Teachers Retirement System’s holdings in Sempra Energy were worth $49,550,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SRE. Vanguard Group Inc. raised its holdings in Sempra Energy by 2.9% in the second quarter. Vanguard Group Inc. now owns 22,763,214 shares of the utilities provider’s stock worth $3,128,576,000 after purchasing an additional 641,500 shares in the last quarter. California Public Employees Retirement System raised its holdings in Sempra Energy by 19.9% in the second quarter. California Public Employees Retirement System now owns 1,804,206 shares of the utilities provider’s stock worth $247,970,000 after purchasing an additional 300,044 shares in the last quarter. First Trust Advisors LP raised its holdings in Sempra Energy by 53.2% in the second quarter. First Trust Advisors LP now owns 489,743 shares of the utilities provider’s stock worth $67,310,000 after purchasing an additional 169,989 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Sempra Energy by 1,201.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 179,112 shares of the utilities provider’s stock worth $24,617,000 after purchasing an additional 165,353 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Sempra Energy by 10.9% during the second quarter. Bahl & Gaynor Inc. now owns 1,465,793 shares of the utilities provider’s stock valued at $201,459,000 after acquiring an additional 144,568 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.
In related news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the sale, the chief operating officer now directly owns 45,991 shares in the company, valued at approximately $6,586,371.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on SRE. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price target for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Co raised their price target on Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Peel Hunt restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, October 22nd. Finally, Argus raised their price target on Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $150.10.
Shares of NYSE:SRE opened at $143.97 on Friday. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $148.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.31. The business has a fifty day moving average price of $144.35 and a 200-day moving average price of $137.31. The company has a market capitalization of $40.65 billion, a PE ratio of 25.85, a PEG ratio of 3.24 and a beta of 0.42.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. On average, sell-side analysts anticipate that Sempra Energy will post 6.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were issued a $0.9675 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.87 annualized dividend and a yield of 2.69%. Sempra Energy’s payout ratio is 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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