Pinnacle Financial Partners Inc. held its position in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent filing with the SEC. The firm owned 7,672 shares of the utilities provider’s stock at the end of the second quarter. Pinnacle Financial Partners Inc.’s holdings in Sempra Energy were worth $865,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SRE. Guardian Life Insurance Co. of America boosted its position in Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust boosted its position in Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares during the period. Financial Architects Inc boosted its position in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Sempra Energy during the first quarter valued at $170,000. Finally, Signaturefd LLC acquired a new position in Sempra Energy during the first quarter valued at $201,000. Institutional investors and hedge funds own 80.54% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) opened at 115.61 on Monday. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $117.97. The company has a market cap of $29.03 billion, a PE ratio of 17.10 and a beta of 0.54. The firm has a 50-day moving average price of $113.47 and a 200 day moving average price of $111.20.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current 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 $0.8225 dividend. 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 dividend payout ratio (DPR) is presently 48.74%.
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Several equities analysts have recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating and set a $115.00 price objective on shares of Sempra Energy in a report on Wednesday, May 10th. Morgan Stanley cut their price objective on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. BidaskClub cut Sempra Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Finally, Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average 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 firm’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 value of $2,608,890.00. Following the completion of the sale, the chief executive officer now owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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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