TD Asset Management Inc. boosted its holdings in Sempra Energy (NYSE:SRE) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,738 shares of the utilities provider’s stock after purchasing an additional 6,773 shares during the period. TD Asset Management Inc. owned approximately 0.10% of Sempra Energy worth $30,910,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of SRE. Northern Trust Corp raised its stake in shares of Sempra Energy by 3.0% during the second quarter. Northern Trust Corp now owns 3,347,745 shares of the utilities provider’s stock valued at $388,707,000 after acquiring an additional 96,158 shares during the last quarter. Nomura Holdings Inc. raised its stake in shares of Sempra Energy by 5,266.3% during the second quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock valued at $364,458,000 after acquiring an additional 3,080,406 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Sempra Energy by 7.2% during the second quarter. Legal & General Group Plc now owns 2,195,244 shares of the utilities provider’s stock valued at $254,852,000 after acquiring an additional 147,022 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Sempra Energy by 4.4% during the second quarter. Macquarie Group Ltd. now owns 1,405,699 shares of the utilities provider’s stock valued at $163,217,000 after acquiring an additional 59,400 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its stake in shares of Sempra Energy by 3.3% during the second quarter. AMP Capital Investors Ltd now owns 1,092,036 shares of the utilities provider’s stock valued at $126,796,000 after acquiring an additional 34,984 shares during the last quarter. 88.44% of the stock is owned by institutional investors and hedge funds.
SRE has been the subject of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Sempra Energy from $121.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, September 21st. Wells Fargo & Co raised shares of Sempra Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $128.00 in a research note on Monday, August 20th. Bank of America raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $126.00 in a research note on Thursday, October 11th. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $110.00 price target on shares of Sempra Energy and gave the stock a “hold” rating in a research note on Monday, July 30th. Four analysts have rated the stock with a hold rating and six 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 $123.38.
SRE stock opened at $116.70 on Friday. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The stock has a market capitalization of $32.15 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.70 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.12.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.02%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. Sempra Energy’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Sempra Energy will post 5.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 21st were paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 20th. Sempra Energy’s payout ratio is currently 66.05%.
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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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