Teachers Retirement System of The State of Kentucky grew its position in Sempra Energy (NYSE:SRE) by 200.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,376 shares of the utilities provider’s stock after acquiring an additional 55,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sempra Energy were worth $8,808,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. National Planning Corp increased its holdings in Sempra Energy by 17.3% during the 3rd quarter. National Planning Corp now owns 2,965 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 438 shares in the last quarter. Private Advisor Group LLC boosted its position in Sempra Energy by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,786 shares of the utilities provider’s stock valued at $539,000 after buying an additional 457 shares during the last quarter. DnB Asset Management AS boosted its position in Sempra Energy by 1.5% in the 4th quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock valued at $3,516,000 after buying an additional 500 shares during the last quarter. CIBC Asset Management Inc boosted its position in Sempra Energy by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 22,800 shares of the utilities provider’s stock valued at $2,602,000 after buying an additional 507 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its position in Sempra Energy by 16.9% in the 4th quarter. Mechanics Bank Trust Department now owns 3,555 shares of the utilities provider’s stock valued at $380,000 after buying an additional 515 shares during the last quarter. Institutional investors own 82.43% of the company’s stock.
Shares of NYSE:SRE opened at $111.13 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.50 and a quick ratio of 0.46. The company has a market cap of $28,172.47, a PE ratio of 20.50, a PEG ratio of 2.19 and a beta of 0.49. Sempra Energy has a 12-month low of $100.63 and a 12-month high of $122.97.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. sell-side analysts predict that Sempra Energy will post 5.6 earnings per share for the current fiscal year.
The company also recently disclosed 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. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, March 22nd. Sempra Energy’s payout ratio is currently 66.05%.
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Sempra Energy in a report on Friday, February 23rd. UBS assumed coverage on Sempra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $124.00 price target on the stock. Wells Fargo reissued a “buy” rating and issued a $121.00 price target (down previously from $130.00) on shares of Sempra Energy in a research note on Wednesday, January 3rd. Finally, TheStreet downgraded Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $120.09.
In other news, Chairman Debra L. Reed sold 49,909 shares of the company’s stock in a transaction on 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 completion of the transaction, the chairman now directly owns 177,227 shares in the company, valued at $19,560,543.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP G Joyce Rowland sold 3,948 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $109.81, for a total transaction 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. Over the last 90 days, insiders have acquired 235,000 shares of company stock valued at $23,000. Company insiders own 0.17% of the company’s stock.
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Sempra Energy Company Profile
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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