Quantitative Systematic Strategies LLC purchased a new stake in shares of Sempra Energy (NYSE:SRE) during the first quarter, HoldingsChannel reports. The fund purchased 7,298 shares of the utilities provider’s stock, valued at approximately $919,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Sempra Energy by 5.0% during the third quarter. Vanguard Group Inc. now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the last quarter. Vanguard Group Inc boosted its position in Sempra Energy by 5.0% during the third quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the last quarter. Norges Bank bought a new stake in Sempra Energy during the fourth quarter valued at $653,205,000. Northern Trust Corp boosted its position in Sempra Energy by 3.7% during the fourth quarter. Northern Trust Corp now owns 3,581,680 shares of the utilities provider’s stock valued at $387,503,000 after acquiring an additional 127,339 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Sempra Energy by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock valued at $380,344,000 after acquiring an additional 253,809 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.
SRE stock opened at $127.27 on Wednesday. The stock has a market cap of $35.23 billion, a PE ratio of 22.85, a P/E/G ratio of 2.58 and a beta of 0.53. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 1.27. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $130.00.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.09. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Sempra Energy had a net margin of 8.73% and a return on equity of 9.54%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, sell-side analysts expect that Sempra Energy will post 6.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a $0.9675 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, March 21st. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.90. Sempra Energy’s dividend payout ratio is currently 69.48%.
SRE has been the topic of a number of research analyst reports. Wells Fargo & Co upped their price target on shares of Sempra Energy from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Guggenheim reaffirmed a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a research report on Monday, January 7th. Zacks Investment Research reaffirmed a “buy” rating and set a $128.00 price target on shares of Sempra Energy in a research report on Monday, December 31st. Morgan Stanley upped their price target on shares of Sempra Energy from $132.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Finally, Argus upped their price target on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $130.43.
In other Sempra Energy news, Director Lynn Schenk sold 5,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $644,600.00. Following the completion of the sale, the director now owns 16,306 shares in the company, valued at approximately $2,102,169.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $120.86, for a total transaction of $289,217.98. Following the completion of the sale, the vice president now owns 12,461 shares of the company’s stock, valued at approximately $1,506,036.46. The disclosure for this sale can be found here. Insiders sold a total of 8,442 shares of company stock worth $1,051,579 in the last 90 days. 0.13% of the stock is currently owned by company insiders.
WARNING: This report was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2019/04/17/quantitative-systematic-strategies-llc-purchases-shares-of-7298-sempra-energy-sre.html.
Sempra Energy Company Profile
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 engages in the generation, transmission, and distribution of electricity.
See Also: What is a Derivative?
Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.