Profund Advisors LLC increased its holdings in shares of Sempra Energy (NYSE:SRE) by 32.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,232 shares of the utilities provider’s stock after buying an additional 6,353 shares during the period. Profund Advisors LLC’s holdings in Sempra Energy were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its holdings in Sempra Energy by 10.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 774,079 shares of the utilities provider’s stock valued at $85,536,000 after purchasing an additional 71,151 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Sempra Energy by 56.9% in the 1st quarter. Toronto Dominion Bank now owns 67,467 shares of the utilities provider’s stock valued at $7,454,000 after purchasing an additional 24,455 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Sempra Energy by 1.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 394,005 shares of the utilities provider’s stock valued at $43,538,000 after purchasing an additional 5,299 shares in the last quarter. Marble Harbor Investment Counsel LLC purchased a new position in Sempra Energy in the 1st quarter valued at $392,000. Finally, State of Tennessee Treasury Department lifted its holdings in Sempra Energy by 32.4% in the 1st quarter. State of Tennessee Treasury Department now owns 103,444 shares of the utilities provider’s stock valued at $11,431,000 after purchasing an additional 25,306 shares in the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.
A number of research analysts have weighed in on SRE shares. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC lowered 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. Morgan Stanley raised their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $121.00.
Shares of Sempra Energy (NYSE SRE) traded up 0.17% during mid-day trading on Friday, hitting $119.29. The company’s stock had a trading volume of 1,662,341 shares. The stock has a 50-day moving average of $117.35 and a 200-day moving average of $113.58. The company has a market cap of $29.95 billion, a PE ratio of 17.64 and a beta of 0.55. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. On average, equities research analysts forecast that Sempra Energy will post $5.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders 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 dividend yield of 2.76%. Sempra Energy’s dividend payout ratio is currently 48.74%.
Sempra Energy 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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