Sempra Energy (NYSE:SRE) Position Lessened by M&R Capital Management Inc.


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M&R Capital Management Inc. decreased its stake in Sempra Energy (NYSE:SRE) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,075 shares of the utilities provider’s stock after selling 991 shares during the period. M&R Capital Management Inc.’s holdings in Sempra Energy were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SRE. Dimension Capital Management LLC bought a new stake in Sempra Energy during the 3rd quarter valued at $26,000. Regent Peak Wealth Advisors LLC bought a new stake in Sempra Energy during the 4th quarter valued at $26,000. Clearview Wealth Advisors LLC bought a new stake in Sempra Energy during the 4th quarter valued at $29,000. MPS Loria Financial Planners LLC bought a new stake in Sempra Energy during the 4th quarter valued at $30,000. Finally, Vantage Consulting Group Inc bought a new stake in Sempra Energy during the 4th quarter valued at $40,000. 83.76% of the stock is currently owned by institutional investors and hedge funds.

SRE opened at $133.52 on Thursday. The company has a market capitalization of $40.42 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.07 and a beta of 0.60. The firm’s fifty day moving average price is $126.19 and its two-hundred day moving average price is $126.10. Sempra Energy has a fifty-two week low of $112.16 and a fifty-two week high of $137.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.84 and a quick ratio of 0.80.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, February 25th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.35. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Sempra Energy had a return on equity of 11.02% and a net margin of 34.85%. During the same period last year, the business earned $1.55 earnings per share. On average, equities research analysts expect that Sempra Energy will post 7.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, March 24th. This is a boost from Sempra Energy’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.30%. Sempra Energy’s dividend payout ratio (DPR) is presently 64.90%.

SRE has been the topic of a number of research reports. Mizuho boosted their price objective on Sempra Energy from $119.00 to $137.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 16th. They noted that the move was a valuation call. KeyCorp decreased their target price on Sempra Energy from $143.00 to $141.00 and set an “overweight” rating on the stock in a report on Tuesday, January 12th. Wells Fargo & Company raised shares of Sempra Energy from an “equal weight” rating to an “overweight” rating and set a $141.00 price objective on the stock in a research report on Thursday, January 14th. Morgan Stanley cut their price objective on shares of Sempra Energy from $144.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 25th. Finally, Seaport Global Securities lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $144.00.

About Sempra Energy

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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