LPL Financial LLC raised its position in Sempra Energy (NYSE:SRE) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,884 shares of the utilities provider’s stock after purchasing an additional 3,297 shares during the period. LPL Financial LLC’s holdings in Sempra Energy were worth $4,794,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in SRE. Geode Capital Management LLC raised its stake in Sempra Energy by 7.8% in 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 buying an additional 253,809 shares in the last quarter. Moors & Cabot Inc. acquired a new position in Sempra Energy in the first quarter valued at $252,000. Robeco Institutional Asset Management B.V. boosted its stake in Sempra Energy by 40.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 56,462 shares of the utilities provider’s stock valued at $7,107,000 after acquiring an additional 16,209 shares in the last quarter. Carillon Tower Advisers Inc. boosted its stake in Sempra Energy by 13.7% in the first quarter. Carillon Tower Advisers Inc. now owns 134,693 shares of the utilities provider’s stock valued at $16,952,000 after acquiring an additional 16,267 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in Sempra Energy in the first quarter valued at $234,000. Institutional investors and hedge funds own 92.74% of the company’s stock.
NYSE SRE traded up $1.37 during trading on Wednesday, reaching $143.14. The company’s stock had a trading volume of 229,240 shares, compared to its average volume of 1,223,316. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market cap of $38.71 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.03 and a beta of 0.41. Sempra Energy has a twelve month low of $104.88 and a twelve month high of $144.93. The business’s fifty day moving average price is $139.29 and its 200-day moving average price is $132.67.
Sempra Energy (NYSE:SRE) last announced its 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 return on equity of 10.18% and a net margin of 18.61%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company posted $1.35 EPS. As a group, sell-side analysts forecast that Sempra Energy will post 5.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be given a $0.9675 dividend. This represents a $3.87 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 19th. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.
In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 45,991 shares of the company’s stock, valued at approximately $6,586,371.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.
Several equities analysts have issued reports on SRE shares. Wells Fargo & Co set a $153.00 price objective on Sempra Energy and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $141.00 to $142.00 in a report on Thursday, June 27th. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Monday, August 26th. KeyCorp assumed coverage on Sempra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $151.00 price target on the stock. Finally, UBS Group lifted their price target on Sempra Energy from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $145.89.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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