Kayne Anderson Capital Advisors LP increased its holdings in Sempra Energy (NYSE:SRE) by 47.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,900 shares of the utilities provider’s stock after purchasing an additional 32,000 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Sempra Energy were worth $14,743,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $25,000. River & Mercantile Asset Management LLP bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $27,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Sempra Energy in the third quarter worth approximately $31,000. Westside Investment Management Inc. purchased a new position in shares of Sempra Energy in the second quarter worth approximately $41,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy in the second quarter worth approximately $47,000. Institutional investors and hedge funds own 92.81% of the company’s stock.
In related news, COO Joseph A. Householder sold 14,304 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the transaction, the chief operating officer now directly owns 45,991 shares of the company’s stock, valued at $6,586,371.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.
Several research firms have recently weighed in on SRE. Wells Fargo & Co lifted their target price on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Morgan Stanley reissued a “hold” rating and issued a $155.00 target price on shares of Sempra Energy in a research report on Friday. Barclays began coverage on shares of Sempra Energy in a research report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 target price on the stock. ValuEngine downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Finally, Argus lifted their target price on shares of Sempra Energy from $150.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $150.40.
Shares of Sempra Energy stock traded up $0.01 during trading on Friday, hitting $142.12. The stock had a trading volume of 884,013 shares, compared to its average volume of 1,554,741. The stock has a 50 day simple moving average of $144.93 and a 200 day simple moving average of $138.41. The company has a market capitalization of $40.41 billion, a PE ratio of 25.52, a P/E/G ratio of 3.08 and a beta of 0.41. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.15. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $148.90.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Sempra Energy will post 6.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were given a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, September 19th. Sempra Energy’s payout ratio is presently 69.48%.
Sempra Energy Profile
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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