RMR Wealth Builders bought a new stake in Sempra Energy (NYSE:SRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 500 shares of the utilities provider’s stock, valued at approximately $59,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank increased its stake in shares of Sempra Energy by 26.4% in the 1st quarter. Swiss National Bank now owns 1,094,148 shares of the utilities provider’s stock valued at $123,628,000 after acquiring an additional 228,400 shares during the last quarter. Heritage Wealth Advisors grew its position in Sempra Energy by 469.9% during the second quarter. Heritage Wealth Advisors now owns 5,847 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 4,821 shares during the last quarter. Retirement Systems of Alabama grew its position in Sempra Energy by 0.9% during the second quarter. Retirement Systems of Alabama now owns 125,078 shares of the utilities provider’s stock valued at $14,663,000 after acquiring an additional 1,159 shares during the last quarter. Centersquare Investment Management LLC grew its position in Sempra Energy by 44.4% during the first quarter. Centersquare Investment Management LLC now owns 520 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 160 shares during the last quarter. Finally, Clarius Group LLC bought a new position in Sempra Energy during the second quarter valued at approximately $260,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.
A number of research analysts have commented on the company. Seaport Global Securities assumed coverage on Sempra Energy in a research report on Monday, June 15th. They set a “buy” rating and a $142.00 price target for the company. Wells Fargo & Company lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $145.00 price target for the company. in a research note on Monday, August 17th. They noted that the move was a valuation call. Bank of America upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, June 12th. JPMorgan Chase & Co. decreased their price objective on shares of Sempra Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. Finally, Morgan Stanley raised their target price on shares of Sempra Energy from $143.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, August 14th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $143.31.
SRE traded up $2.84 during midday trading on Wednesday, reaching $120.47. The company’s stock had a trading volume of 39,324 shares, compared to its average volume of 1,785,051. Sempra Energy has a 1 year low of $88.00 and a 1 year high of $161.87. The stock’s 50-day moving average is $125.08 and its 200-day moving average is $122.95. The firm has a market capitalization of $34.03 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 2.10 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 0.92.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.54 billion. Sempra Energy had a return on equity of 11.47% and a net margin of 38.49%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, equities research analysts forecast that Sempra Energy will post 7.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, September 24th. Sempra Energy’s dividend payout ratio (DPR) is 61.65%.
In other news, Director Michael N. Mears acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $131.83 per share, for a total transaction of $263,660.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $263,660. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cynthia Lynn Walker bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were acquired at an average price of $117.70 per share, for a total transaction of $117,700.00. Following the completion of the purchase, the director now owns 4,636 shares in the company, valued at approximately $545,657.20. The disclosure for this purchase can be found here. Over the last three months, insiders bought 7,700 shares of company stock worth $981,768. Insiders own 0.09% of the company’s stock.
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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