Sempra Energy (SRE) Stake Lessened by Sentry Investment Management LLC

Sentry Investment Management LLC cut its stake in shares of Sempra Energy (NYSE:SRE) by 16.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,967 shares of the utilities provider’s stock after selling 2,781 shares during the period. Sentry Investment Management LLC’s holdings in Sempra Energy were worth $1,589,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Sempra Energy by 1.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after purchasing an additional 460 shares during the period. Gateway Investment Advisers LLC raised its position in shares of Sempra Energy by 4.1% during the third quarter. Gateway Investment Advisers LLC now owns 11,582 shares of the utilities provider’s stock worth $1,317,000 after purchasing an additional 461 shares during the period. Gradient Investments LLC raised its position in shares of Sempra Energy by 6.2% during the third quarter. Gradient Investments LLC now owns 8,315 shares of the utilities provider’s stock worth $946,000 after purchasing an additional 488 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Sempra Energy by 1.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock worth $4,813,000 after purchasing an additional 496 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in shares of Sempra Energy by 11.7% during the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock worth $552,000 after purchasing an additional 496 shares during the period. 88.44% of the stock is currently owned by institutional investors.

NYSE:SRE opened at $116.70 on Friday. The firm has a market cap of $32.15 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.70 and a beta of 0.37. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $127.22. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.12.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.10. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.73 billion. Sempra Energy had a positive return on equity of 9.02% and a negative net margin of 3.33%. Sempra Energy’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities research analysts predict that Sempra Energy will post 5.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 21st were paid a $0.895 dividend. The ex-dividend date was Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a yield of 3.07%. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.

A number of equities research analysts have recently issued reports on SRE shares. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research report on Wednesday. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Bank of America raised Sempra Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $126.00 in a research report on Thursday, October 11th. Wells Fargo & Co set a $129.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Sempra Energy in a research report on Friday, August 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $123.38.

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About Sempra Energy

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 engages in the generation, transmission, and distribution of electricity.

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

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