Magellan Asset Management Ltd increased its position in Sempra Energy (NYSE:SRE) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,598,444 shares of the utilities provider’s stock after acquiring an additional 163,168 shares during the period. Sempra Energy comprises about 0.6% of Magellan Asset Management Ltd’s investment portfolio, making the stock its 19th biggest holding. Magellan Asset Management Ltd owned 0.63% of Sempra Energy worth $170,906,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SRE. BB&T Securities LLC purchased a new position in Sempra Energy during the fourth quarter valued at $245,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Sempra Energy by 18.4% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 16,260 shares of the utilities provider’s stock valued at $1,739,000 after acquiring an additional 2,530 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Sempra Energy by 8.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,356,410 shares of the utilities provider’s stock valued at $117,337,000 after acquiring an additional 109,629 shares in the last quarter. Financial Advocates Investment Management purchased a new position in shares of Sempra Energy in the fourth quarter valued at about $350,000. Finally, Hoylecohen LLC purchased a new position in shares of Sempra Energy in the fourth quarter valued at about $1,695,000. 82.42% of the stock is owned by institutional investors.
Shares of Sempra Energy stock opened at $113.02 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.46 and a current ratio of 0.50. Sempra Energy has a 52 week low of $100.63 and a 52 week high of $122.97. The firm has a market capitalization of $28,856.74, a P/E ratio of 111.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.14. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. equities analysts predict that Sempra Energy will post 5.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.895 per share. This is a boost from Sempra Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, March 22nd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.17%. Sempra Energy’s dividend payout ratio is currently 325.75%.
SRE has been the topic of several research analyst reports. Guggenheim restated a “buy” rating and issued a $122.00 price objective on shares of Sempra Energy in a research report on Friday, February 23rd. UBS assumed coverage on Sempra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price on the stock. Wells Fargo reaffirmed a “buy” rating and issued a $121.00 target price (down from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. TheStreet cut Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Finally, Bank of America cut Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 target price on the stock. in a report on Thursday, December 28th. One research 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 a consensus price target of $119.80.
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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.
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