Parametric Portfolio Associates LLC lifted its position in shares of Sempra Energy (NYSE:SRE) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,923 shares of the utilities provider’s stock after purchasing an additional 35,066 shares during the quarter. Parametric Portfolio Associates LLC owned 0.17% of Sempra Energy worth $48,611,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Sempra Energy by 0.3% during the second quarter. BlackRock Inc. now owns 20,037,400 shares of the utilities provider’s stock worth $2,259,219,000 after purchasing an additional 68,576 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sempra Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 17,796,341 shares of the utilities provider’s stock worth $2,006,537,000 after purchasing an additional 429,693 shares in the last quarter. Capital International Investors boosted its position in shares of Sempra Energy by 14.8% during the third quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock worth $1,308,797,000 after purchasing an additional 1,474,282 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock worth $454,591,000 after purchasing an additional 80,131 shares in the last quarter. Finally, Parnassus Investments CA boosted its position in shares of Sempra Energy by 8.0% during the third quarter. Parnassus Investments CA now owns 3,602,061 shares of the utilities provider’s stock worth $411,103,000 after purchasing an additional 265,851 shares in the last quarter. 80.47% of the stock is currently owned by institutional investors.
Sempra Energy (SRE) traded down $0.49 on Thursday, reaching $106.70. 1,783,906 shares of the company traded hands, compared to its average volume of 4,322,529. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. Sempra Energy has a 1-year low of $99.71 and a 1-year high of $122.97. The company has a market cap of $26,790.00, a PE ratio of 23.66, a P/E/G ratio of 2.19 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $1.02 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. equities research analysts predict that Sempra Energy will post 5.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.8225 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.29 annualized dividend and a yield of 3.08%. Sempra Energy’s payout ratio is currently 72.95%.
Several equities research analysts recently commented on the stock. Wells Fargo & Co reaffirmed a “buy” rating and issued a $121.00 price objective (down from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. Bank of America cut shares of Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price objective on the stock. in a research report on Thursday, December 28th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. JPMorgan Chase & Co. cut their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Finally, Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $122.33.
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Sempra Energy 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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