Macquarie Group Ltd. lifted its position in Sempra Energy (NYSE:SRE) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,356,410 shares of the utilities provider’s stock after buying an additional 109,629 shares during the quarter. Macquarie Group Ltd. owned about 0.53% of Sempra Energy worth $117,337,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Sempra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock worth $2,205,919,000 after purchasing an additional 475,879 shares during the period. Capital International Investors boosted its position in shares of Sempra Energy by 14.8% in the third quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock valued at $1,308,797,000 after acquiring an additional 1,474,282 shares during the period. Parnassus Investments CA boosted its position in shares of Sempra Energy by 22.1% in the fourth quarter. Parnassus Investments CA now owns 4,398,413 shares of the utilities provider’s stock valued at $470,278,000 after acquiring an additional 796,352 shares during the period. Geode Capital Management LLC boosted its position in shares of Sempra Energy by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 2,656,308 shares of the utilities provider’s stock valued at $283,424,000 after acquiring an additional 85,865 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Sempra Energy by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,559,513 shares of the utilities provider’s stock valued at $273,662,000 after acquiring an additional 199,223 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.
In other news, VP G Joyce Rowland sold 3,948 shares of the business’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 completion of the transaction, the vice president now owns 2,655 shares of the company’s stock, valued at approximately $291,545.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Debra L. Reed sold 49,909 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $110.37, for a total value of $5,508,456.33. Following the transaction, the chairman now directly owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The disclosure for this sale can be found here. Insiders purchased a total of 235,000 shares of company stock valued at $23,000 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.
SRE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, March 28th. TheStreet lowered Sempra Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 27th. Wells Fargo reiterated a “buy” rating and set a $121.00 price objective (down from $130.00) on shares of Sempra Energy in a research note on Wednesday, January 3rd. UBS initiated coverage on Sempra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $124.00 target price for the company. Finally, Bank of America cut Sempra Energy from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $120.09.
Sempra Energy stock traded down $0.40 during midday trading on Friday, reaching $111.13. The stock 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 P/E/G ratio of 2.21 and a beta of 0.49. Sempra Energy has a 1-year low of $100.63 and a 1-year high of $122.97. 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 (NYSE:SRE) last posted its quarterly earnings results 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. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. equities research analysts predict that Sempra Energy will post 5.6 EPS for the current 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 an increase from Sempra Energy’s previous quarterly dividend of $0.82. This represents a $3.58 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, March 22nd. Sempra Energy’s payout ratio is currently 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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