Cubist Systematic Strategies LLC Reduces Stake in Sempra Energy (NYSE:SRE)

Cubist Systematic Strategies LLC lowered its holdings in shares of Sempra Energy (NYSE:SRE) by 20.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,876 shares of the utilities provider’s stock after selling 1,733 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sempra Energy were worth $775,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SRE. BlackRock Inc. boosted its stake in Sempra Energy by 2,725.7% during the 1st quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after purchasing an additional 19,262,128 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Sempra Energy by 240.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after acquiring an additional 905,963 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Sempra Energy in the 2nd quarter worth $85,559,000. Capital International Investors lifted its stake in shares of Sempra Energy by 7.1% in the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock worth $1,126,747,000 after acquiring an additional 661,199 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Sempra Energy by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after acquiring an additional 596,498 shares during the period. Hedge funds and other institutional investors own 80.65% of the company’s stock.

Several research firms have recently commented on SRE. JPMorgan Chase & Co. reduced their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $129.00 in a research note on Wednesday, October 11th. Morgan Stanley raised their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Buy” and an average price target of $124.30.

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Sempra Energy (SRE) traded up 0.26% during trading on Friday, reaching $115.41. 96,619 shares of the company’s stock traded hands. The stock has a market capitalization of $28.98 billion, a P/E ratio of 17.07 and a beta of 0.55. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $120.17. The company has a 50-day moving average of $115.62 and a 200 day moving average of $114.50.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the company earned $0.79 EPS. Sempra Energy’s revenue was up 17.5% on a year-over-year basis. On average, equities research analysts expect that Sempra Energy will post $5.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, September 21st. Sempra Energy’s dividend payout ratio is presently 48.74%.

About Sempra Energy

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.

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

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