Robecosam AG raised its position in Sempra Energy (NYSE:SRE) by 17.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,305 shares of the utilities provider’s stock after buying an additional 1,795 shares during the quarter. Robecosam AG’s holdings in Sempra Energy were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SRE. Pennsylvania Trust Co purchased a new stake in Sempra Energy in the first quarter valued at approximately $36,745,000. Geode Capital Management LLC lifted its stake in Sempra Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock valued at $380,344,000 after buying an additional 253,809 shares during the last quarter. California Public Employees Retirement System lifted its stake in Sempra Energy by 18.1% in the first quarter. California Public Employees Retirement System now owns 1,504,162 shares of the utilities provider’s stock valued at $189,314,000 after buying an additional 230,974 shares during the last quarter. Electron Capital Partners LLC lifted its stake in Sempra Energy by 34.1% in the first quarter. Electron Capital Partners LLC now owns 692,065 shares of the utilities provider’s stock valued at $87,103,000 after buying an additional 175,952 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Sempra Energy by 53.2% in the second quarter. First Trust Advisors LP now owns 489,743 shares of the utilities provider’s stock valued at $67,310,000 after buying an additional 169,989 shares during the last quarter. Institutional investors own 97.11% of the company’s stock.
In related news, CAO Peter R. Wall sold 723 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $135.47, for a total transaction of $97,944.81. Following the transaction, the chief accounting officer now owns 2,359 shares of the company’s stock, valued at $319,573.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph A. Householder sold 50,400 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $134.80, for a total value of $6,793,920.00. Following the transaction, the insider now directly owns 55,115 shares in the company, valued at approximately $7,429,502. The disclosure for this sale can be found here. Insiders have sold 60,515 shares of company stock worth $8,148,984 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
A number of research firms have recently issued reports on SRE. Bank of America lowered Sempra Energy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $141.00 to $142.00 in a report on Thursday, June 27th. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a report on Wednesday, July 24th. Morgan Stanley boosted their target price on Sempra Energy from $132.00 to $142.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. ValuEngine lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Argus boosted their target price on Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $142.38.
Shares of NYSE:SRE traded up $0.96 during trading on Wednesday, reaching $138.31. The company had a trading volume of 27,676 shares, compared to its average volume of 1,553,471. The company has a market cap of $37.80 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.94 and a beta of 0.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.31. The firm’s fifty day moving average price is $138.13. Sempra Energy has a fifty-two week low of $104.88 and a fifty-two week high of $141.86.
Sempra Energy (NYSE:SRE) last released its earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the firm posted $1.35 EPS. On average, equities research analysts expect that Sempra Energy will post 6.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, July 5th were issued a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Wednesday, July 3rd. Sempra Energy’s dividend payout ratio is presently 69.48%.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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