Envestnet Asset Management Inc. lifted its position in Sempra Energy (NYSE:SRE) by 12.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,882 shares of the utilities provider’s stock after buying an additional 1,079 shares during the period. Envestnet Asset Management Inc.’s holdings in Sempra Energy were worth $1,126,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after buying an additional 202 shares in the last quarter. WESPAC Advisors SoCal LLC grew its holdings in shares of Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Sempra Energy by 49.7% during the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Sempra Energy during the second quarter valued at $186,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Sempra Energy by 89.9% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,812 shares of the utilities provider’s stock valued at $207,000 after buying an additional 858 shares in the last quarter. 80.47% of the stock is currently owned by institutional investors.
Sempra Energy (NYSE:SRE) traded down $0.49 during midday trading on Thursday, reaching $106.70. The company had a trading volume of 1,783,906 shares, compared to its average volume of 4,322,529. Sempra Energy has a 1-year low of $99.71 and a 1-year high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. The company has a market cap of $26,790.00, a price-to-earnings ratio of 23.66, a PEG ratio of 2.19 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. research analysts anticipate that Sempra Energy will post 5.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is currently 72.95%.
SRE has been the topic of a number of recent research reports. Wells Fargo & Co lowered their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. JPMorgan Chase & Co. cut their price objective on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Bank of America began coverage on Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $122.33.
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Sempra Energy Company Profile
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.
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