Hoylecohen LLC purchased a new position in Sempra Energy (NYSE:SRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,851 shares of the utilities provider’s stock, valued at approximately $1,695,000.
Several other large investors also recently modified their holdings of SRE. BlackRock Inc. boosted its holdings in shares of Sempra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock valued at $2,205,919,000 after acquiring an additional 475,879 shares during the period. Capital Guardian Trust Co. lifted its holdings in Sempra Energy by 10.7% in the third quarter. Capital Guardian Trust Co. now owns 276,328 shares of the utilities provider’s stock worth $31,537,000 after purchasing an additional 26,798 shares during the period. State of Tennessee Treasury Department lifted its holdings in Sempra Energy by 7.0% in the fourth quarter. State of Tennessee Treasury Department now owns 99,952 shares of the utilities provider’s stock worth $10,687,000 after purchasing an additional 6,531 shares during the period. New York State Common Retirement Fund lifted its holdings in Sempra Energy by 3.4% in the third quarter. New York State Common Retirement Fund now owns 542,500 shares of the utilities provider’s stock worth $61,916,000 after purchasing an additional 17,800 shares during the period. Finally, Capital International Investors lifted its holdings in Sempra Energy by 14.8% in 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 during the period. Institutional investors and hedge funds own 82.43% of the company’s stock.
In other Sempra Energy news, Chairman Debra L. Reed sold 49,909 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $110.37, for a total transaction of $5,508,456.33. Following the completion of the sale, the chairman now owns 177,227 shares of the company’s stock, valued at $19,560,543.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP G Joyce Rowland sold 3,948 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $109.81, for a total value of $433,529.88. Following the transaction, the vice president now owns 2,655 shares of the company’s stock, valued at $291,545.55. The disclosure for this sale can be found here. Insiders have acquired 235,000 shares of company stock valued at $23,000 in the last ninety days. Company insiders own 0.17% of the company’s stock.
Several equities research analysts have commented on SRE shares. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet cut shares of Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Guggenheim restated a “buy” rating and set a $122.00 price objective on shares of Sempra Energy in a report on Friday, February 23rd. JPMorgan Chase restated a “neutral” rating and set a $104.00 price objective (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Finally, Wells Fargo restated a “buy” rating and set a $120.00 price objective (down previously from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $120.09.
Shares of NYSE SRE opened at $111.13 on Friday. The company has a market capitalization of $28,476.31, a P/E ratio of 20.50, a PEG ratio of 2.21 and a beta of 0.49. Sempra Energy has a 52 week low of $100.63 and a 52 week high of $122.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.50 and a quick ratio of 0.46.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.14. The business had revenue of $2.96 billion during 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. equities analysts forecast that Sempra Energy will post 5.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.895 per share. The ex-dividend date is Thursday, March 22nd. This represents a $3.58 dividend on an annualized basis and a yield of 3.22%. This is a boost from Sempra Energy’s previous quarterly dividend of $0.82. Sempra Energy’s dividend payout ratio is presently 66.05%.
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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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