Macquarie Group Ltd. boosted its holdings in Sempra Energy (NYSE:SRE) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,356,410 shares of the utilities provider’s stock after acquiring an additional 109,629 shares during the period. Macquarie Group Ltd. owned 0.53% of Sempra Energy worth $117,337,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MHI Funds LLC bought a new position in Sempra Energy during the 4th quarter worth $130,000. Front Row Advisors LLC bought a new position in Sempra Energy during the 4th quarter worth $130,000. Calton & Associates Inc. bought a new position in Sempra Energy during the 4th quarter worth $139,000. Fieldpoint Private Securities LLC bought a new position in Sempra Energy during the 3rd quarter worth $153,000. Finally, Focused Wealth Management Inc bought a new position in Sempra Energy during the 4th quarter worth $160,000. Institutional investors and hedge funds own 86.37% of the company’s stock.
Several research analysts have weighed in on SRE shares. Zacks Investment Research cut Sempra Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. Bank of America cut 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. Wells Fargo & Co reiterated a “buy” rating and set a $121.00 price objective (down previously from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. TheStreet cut Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, Guggenheim reiterated a “buy” rating and set a $122.00 price objective on shares of Sempra Energy in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $119.80.
Shares of Sempra Energy (SRE) opened at $112.20 on Friday. The stock has a market capitalization of $28,815.89, a price-to-earnings ratio of 20.82, a PEG ratio of 2.26 and a beta of 0.52. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.09.
Sempra Energy (NYSE:SRE) last released its earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.82 billion. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. Sempra Energy’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. research analysts anticipate that Sempra Energy will post 5.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Friday, March 23rd will be issued a dividend of $0.895 per share. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, March 22nd. Sempra Energy’s dividend payout ratio is 325.75%.
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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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