Quantitative Investment Management LLC cut its holdings in Sempra Energy (NYSE:SRE) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,400 shares of the utilities provider’s stock after selling 43,200 shares during the quarter. Quantitative Investment Management LLC’s holdings in Sempra Energy were worth $6,992,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. MHI Funds LLC purchased a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $130,000. Front Row Advisors LLC purchased a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $130,000. Calton & Associates Inc. purchased a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $139,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Sempra Energy in the third quarter valued at approximately $153,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Sempra Energy in the fourth quarter valued at approximately $160,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
A number of analysts recently weighed in on the company. TheStreet downgraded Sempra Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $104.00 price target (down from $112.00) on shares of Sempra Energy in a research note on Tuesday, March 6th. Guggenheim restated a “buy” rating and issued a $122.00 price target on shares of Sempra Energy in a research note on Friday, February 23rd. Wells Fargo & Co restated a “buy” rating and issued a $120.00 price target (down from $121.00) on shares of Sempra Energy in a research note on Wednesday, February 28th. Finally, UBS Group assumed coverage on Sempra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $124.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $119.80.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. Sempra Energy’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. analysts predict that Sempra Energy will post 5.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 23rd will be issued a dividend of $0.895 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This is a boost from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a yield of 3.28%. Sempra Energy’s payout ratio is currently 325.75%.
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About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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