Kayne Anderson Capital Advisors LP boosted its stake in shares of Sempra Energy (NYSE:SRE) by 47.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,900 shares of the utilities provider’s stock after purchasing an additional 32,000 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Sempra Energy were worth $14,743,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. raised its stake in Sempra Energy by 0.7% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 140,411 shares of the utilities provider’s stock valued at $19,298,000 after purchasing an additional 1,000 shares during the last quarter. Assetmark Inc. increased its holdings in Sempra Energy by 83.3% in the 2nd 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. Meeder Asset Management Inc. bought a new stake in Sempra Energy in the 2nd quarter valued at $47,000. National Pension Service increased its holdings in Sempra Energy by 6.3% in the 2nd quarter. National Pension Service now owns 290,084 shares of the utilities provider’s stock valued at $39,869,000 after buying an additional 17,229 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in Sempra Energy by 53.7% in the 2nd quarter. Dupont Capital Management Corp now owns 14,594 shares of the utilities provider’s stock valued at $2,006,000 after buying an additional 5,100 shares during the period. Hedge funds and other institutional investors own 92.81% of the company’s stock.
Shares of SRE traded up $0.01 during trading hours on Friday, hitting $142.12. The stock had a trading volume of 884,013 shares, compared to its average volume of 1,554,741. The company’s fifty day moving average is $144.93 and its two-hundred day moving average is $138.41. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $148.90. The stock has a market capitalization of $40.41 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 3.08 and a beta of 0.41.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Sempra Energy will post 6.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were issued a $0.9675 dividend. This represents a $3.87 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 19th. Sempra Energy’s payout ratio is 69.48%.
In other news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 45,991 shares of the company’s stock, valued at approximately $6,586,371.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on the stock. Wells Fargo & Co boosted their price target on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Barclays assumed coverage on shares of Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price target on the stock. Argus boosted their price target on shares of Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. UBS Group boosted their price target on shares of Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley reissued a “hold” rating and issued a $155.00 price target on shares of Sempra Energy in a report on Friday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $150.40.
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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