MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $314.40 Million Stock Holdings in Sempra Energy $SRE

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sempra Energy (NYSE:SRE) by 1.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,494,152 shares of the utilities provider’s stock after buying an additional 44,526 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.54% of Sempra Energy worth $314,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SRE. Vanguard Group Inc. increased its position in Sempra Energy by 14.2% in the 3rd quarter. Vanguard Group Inc. now owns 75,725,594 shares of the utilities provider’s stock valued at $6,813,784,000 after acquiring an additional 9,396,652 shares in the last quarter. Capital International Investors lifted its position in shares of Sempra Energy by 9.2% during the third quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after purchasing an additional 4,572,312 shares in the last quarter. State Street Corp lifted its position in shares of Sempra Energy by 3.7% during the second quarter. State Street Corp now owns 34,380,068 shares of the utilities provider’s stock worth $2,626,827,000 after purchasing an additional 1,214,931 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sempra Energy by 106.3% during the third quarter. JPMorgan Chase & Co. now owns 10,428,007 shares of the utilities provider’s stock valued at $938,325,000 after purchasing an additional 5,374,277 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Sempra Energy by 40.1% in the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after purchasing an additional 2,984,409 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the subject of several research reports. Citigroup reissued a “neutral” rating and issued a $99.00 target price (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Barclays set a $95.00 price target on Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company lifted their price objective on Sempra Energy from $112.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. UBS Group reissued a “neutral” rating and set a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $100.00.

Insider Transactions at Sempra Energy

In other Sempra Energy news, Director Jennifer M. Kirk purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $93.44 per share, for a total transaction of $93,440.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately $93,440. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cynthia J. Warner acquired 2,500 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $92.95 per share, with a total value of $232,375.00. Following the completion of the transaction, the director directly owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. The trade was a 28.49% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 6,192 shares of company stock valued at $576,979. Company insiders own 0.27% of the company’s stock.

Sempra Energy Trading Up 0.9%

NYSE SRE opened at $96.01 on Tuesday. Sempra Energy has a one year low of $61.90 and a one year high of $97.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.59 and a quick ratio of 1.57. The firm has a market cap of $62.72 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.56 and a beta of 0.73. The stock’s 50-day moving average is $90.91 and its 200-day moving average is $89.78.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, February 26th. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.82 billion. Sempra Energy had a net margin of 13.27% and a return on equity of 8.22%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Sell-side analysts anticipate that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, March 19th will be issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.65. Sempra Energy’s payout ratio is currently 95.29%.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.