Oakbrook Investments LLC decreased its position in Sempra Energy (NYSE:SRE) by 8.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,847 shares of the utilities provider’s stock after selling 950 shares during the period. Oakbrook Investments LLC’s holdings in Sempra Energy were worth $1,053,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. bought a new stake in Sempra Energy in the 4th quarter valued at approximately $572,000. Westpac Banking Corp lifted its stake in Sempra Energy by 366.8% in the 4th quarter. Westpac Banking Corp now owns 71,777 shares of the utilities provider’s stock valued at $7,674,000 after acquiring an additional 56,400 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Sempra Energy by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 890,592 shares of the utilities provider’s stock valued at $95,223,000 after acquiring an additional 32,396 shares in the last quarter. Creative Planning lifted its stake in Sempra Energy by 19.1% in the 4th quarter. Creative Planning now owns 27,052 shares of the utilities provider’s stock valued at $2,892,000 after acquiring an additional 4,335 shares in the last quarter. Finally, National Pension Service lifted its stake in Sempra Energy by 3.4% in the 4th quarter. National Pension Service now owns 224,803 shares of the utilities provider’s stock valued at $24,036,000 after acquiring an additional 7,293 shares in the last quarter. Hedge funds and other institutional investors own 80.55% of the company’s stock.
Several equities research analysts have commented on the company. Royal Bank of Canada restated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. JPMorgan Chase & Co. boosted their target price on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Bank of America assumed coverage on Sempra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $125.00 target price on the stock. Goldman Sachs Group upgraded Sempra Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Finally, Wells Fargo & Co cut 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $122.33.
Shares of Sempra Energy (SRE) opened at $105.99 on Friday. Sempra Energy has a 12 month low of $99.71 and a 12 month high of $122.97. The stock has a market capitalization of $26,640.00, a P/E ratio of 23.50, a PEG ratio of 2.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. research analysts forecast that Sempra Energy will post 5.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Thursday, December 28th. Sempra Energy’s dividend payout ratio is currently 72.95%.
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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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