River & Mercantile Asset Management LLP acquired a new position in shares of Sempra Energy (NYSE:SRE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 195 shares of the utilities provider’s stock, valued at approximately $27,000.
A number of other institutional investors have also recently made changes to their positions in the business. Krane Funds Advisors LLC acquired a new stake in shares of Sempra Energy in the second quarter worth approximately $25,000. Westside Investment Management Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $47,000. Quantamental Technologies LLC purchased a new position in Sempra Energy in the second quarter valued at approximately $50,000. Finally, Assetmark Inc. raised its holdings in Sempra Energy by 83.3% in the second quarter. Assetmark Inc. now owns 372 shares of the utilities provider’s stock valued at $51,000 after buying an additional 169 shares during the period. Institutional investors own 92.72% of the company’s stock.
Shares of NYSE:SRE opened at $145.49 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $143.12 and a 200 day simple moving average of $135.95. The firm has a market cap of $40.26 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 3.25 and a beta of 0.42. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $148.14.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.32 billion. Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. During the same quarter last year, the firm posted $1.35 EPS. As a group, equities research 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 paid a $0.9675 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.66%. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.
Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price target on the stock. in a report on Wednesday, July 24th. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $141.00 to $142.00 in a research note on Thursday, June 27th. ValuEngine lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Argus lifted their price objective on shares of Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Barclays started coverage on shares of Sempra Energy in a research note on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Hold” and a consensus price target of $149.44.
In related news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction on Tuesday, September 3rd. The shares were 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 owns 45,991 shares in the company, valued at $6,586,371.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.
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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