OppenheimerFunds Inc. boosted its holdings in Sempra Energy (NYSE:SRE) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,676 shares of the utilities provider’s stock after buying an additional 1,876 shares during the quarter. OppenheimerFunds Inc.’s holdings in Sempra Energy were worth $1,569,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. MHI Funds LLC purchased a new position in Sempra Energy in the 4th quarter worth about $130,000. Front Row Advisors LLC purchased a new position in Sempra Energy in the 4th quarter worth about $130,000. Calton & Associates Inc. purchased a new position in Sempra Energy in the 4th quarter worth about $139,000. Fieldpoint Private Securities LLC purchased a new position in Sempra Energy in the 3rd quarter worth about $153,000. Finally, Rocky Mountain Advisers LLC purchased a new position in Sempra Energy in the 3rd quarter worth about $183,000. 86.37% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on SRE shares. TheStreet lowered shares of Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Wells Fargo & Co reaffirmed a “buy” rating and set a $121.00 price target (down previously from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. UBS Group started coverage on shares of Sempra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $124.00 price target for the company. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research report on Friday, December 22nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $122.00 price target on shares of Sempra Energy in a research report on Friday, February 23rd. One 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. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $119.80.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.14. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.82 billion. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. sell-side analysts expect that Sempra Energy will post 5.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 23rd will be paid a dividend of $0.895 per share. The ex-dividend date is Thursday, March 22nd. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.23%. Sempra Energy’s payout ratio is 325.75%.
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Sempra Energy Company Profile
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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