Teachers Advisors LLC cut its holdings in shares of Sempra Energy (NYSE:SRE) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,009,458 shares of the utilities provider’s stock after selling 192,377 shares during the period. Teachers Advisors LLC owned 0.40% of Sempra Energy worth $107,931,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. National Planning Corp grew its position in Sempra Energy by 17.3% in the 3rd quarter. National Planning Corp now owns 2,965 shares of the utilities provider’s stock valued at $338,000 after buying an additional 438 shares during the last quarter. Private Advisor Group LLC grew its position in Sempra Energy by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,786 shares of the utilities provider’s stock valued at $539,000 after buying an additional 457 shares during the last quarter. DnB Asset Management AS grew its position in Sempra Energy by 1.5% in the 4th quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock valued at $3,516,000 after buying an additional 500 shares during the last quarter. CIBC Asset Management Inc grew its position in Sempra Energy by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 22,800 shares of the utilities provider’s stock valued at $2,602,000 after buying an additional 507 shares during the last quarter. Finally, Mechanics Bank Trust Department grew its position in Sempra Energy by 16.9% in the 4th quarter. Mechanics Bank Trust Department now owns 3,555 shares of the utilities provider’s stock valued at $380,000 after buying an additional 515 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.
A number of research firms have commented on SRE. UBS Group began coverage on Sempra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $104.00 target price (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Wells Fargo & Co reissued a “buy” rating and issued a $120.00 target price (down previously from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. TheStreet downgraded Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Finally, Guggenheim reissued a “buy” rating and issued a $122.00 target price on shares of Sempra Energy in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus target price of $119.80.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results 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 business 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 business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. research analysts forecast that Sempra Energy will post 5.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, March 22nd. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. Sempra Energy’s payout ratio is 325.75%.
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Sempra Energy 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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