Amundi Pioneer Asset Management Inc. bought a new position in shares of Sempra Energy (NYSE:SRE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 127,947 shares of the utilities provider’s stock, valued at approximately $13,680,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MHI Funds LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at $130,000. Front Row Advisors LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at $130,000. Calton & Associates Inc. acquired a new position in shares of Sempra Energy in the 4th quarter valued at $139,000. Fieldpoint Private Securities LLC acquired a new position in shares of Sempra Energy in the 3rd quarter valued at $153,000. Finally, Rocky Mountain Advisers LLC acquired a new position in shares of Sempra Energy in the 3rd quarter valued at $183,000. 82.43% of the stock is owned by hedge funds and other institutional investors.
NYSE SRE traded down $0.40 on Friday, reaching $111.13. The company had a trading volume of 2,084,279 shares, compared to its average volume of 1,789,281. The firm has a market cap of $28,476.31, a PE ratio of 20.50, a PEG ratio of 2.21 and a beta of 0.49. 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 has a 1-year low of $100.63 and a 1-year high of $122.97.
Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.14. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.82 billion. Sempra Energy had a net margin of 2.28% and a return on equity of 8.86%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. equities research analysts forecast that Sempra Energy will post 5.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 23rd will be paid a $0.895 dividend. The ex-dividend date is Thursday, March 22nd. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 dividend on an annualized basis and a yield of 3.22%. Sempra Energy’s dividend payout ratio is presently 66.05%.
In other Sempra Energy news, Chairman Debra L. Reed sold 49,909 shares of the business’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $110.37, for a total transaction of $5,508,456.33. Following the sale, the chairman now directly owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP G Joyce Rowland sold 3,948 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $109.81, for a total transaction of $433,529.88. Following the sale, the vice president now directly owns 2,655 shares in the company, valued at $291,545.55. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 235,000 shares of company stock valued at $23,000. Company insiders own 0.17% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Friday. TheStreet lowered shares of Sempra Energy from a “b-” rating to a “c” rating in a report on Tuesday, February 27th. Guggenheim reissued a “buy” rating and issued a $122.00 price target on shares of Sempra Energy in a report on Friday, February 23rd. JPMorgan Chase reissued a “neutral” rating and issued a $104.00 price target (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Finally, Wells Fargo reissued a “buy” rating and issued a $120.00 price target (down previously from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Buy” and an average target price of $120.09.
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About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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