Oppenheimer & Co. Inc. lifted its holdings in Sempra Energy (NYSE:SRE) by 31.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,554 shares of the utilities provider’s stock after acquiring an additional 3,762 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sempra Energy were worth $1,769,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. State Treasurer State of Michigan lifted its position in Sempra Energy by 4.1% during the third quarter. State Treasurer State of Michigan now owns 81,438 shares of the utilities provider’s stock worth $9,264,000 after purchasing an additional 3,200 shares during the period. Sawtooth Solutions LLC lifted its position in Sempra Energy by 112.4% during the third quarter. Sawtooth Solutions LLC now owns 6,590 shares of the utilities provider’s stock worth $750,000 after purchasing an additional 3,488 shares during the period. Russell Investments Group Ltd. lifted its position in Sempra Energy by 26.9% during the third quarter. Russell Investments Group Ltd. now owns 230,589 shares of the utilities provider’s stock worth $26,130,000 after purchasing an additional 48,851 shares during the period. Securian Asset Management Inc lifted its position in Sempra Energy by 3.6% during the third quarter. Securian Asset Management Inc now owns 27,605 shares of the utilities provider’s stock worth $3,140,000 after purchasing an additional 951 shares during the period. Finally, RNC Capital Management LLC lifted its position in Sempra Energy by 3.0% during the third quarter. RNC Capital Management LLC now owns 256,276 shares of the utilities provider’s stock worth $29,151,000 after purchasing an additional 7,494 shares during the period. Institutional investors and hedge funds own 88.28% of the company’s stock.
Several equities research analysts recently weighed in on SRE shares. Argus upped their price objective on shares of Sempra Energy to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. JPMorgan Chase & Co. set a $110.00 price objective on shares of Sempra Energy and gave the stock a “hold” rating in a research report on Monday, July 30th. Bank of America upped their price objective on shares of Sempra Energy from $118.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Morgan Stanley set a $120.00 price objective on shares of Sempra Energy and gave the stock an “equal weight” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co raised shares of Sempra Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $125.00 to $128.00 in a report on Monday, August 20th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.25.
SRE stock opened at $109.05 on Friday. The stock has a market capitalization of $30.57 billion, a PE ratio of 20.12, a P/E/G ratio of 2.57 and a beta of 0.39. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54. Sempra Energy has a 12 month low of $100.49 and a 12 month high of $127.22.
Sempra Energy (NYSE:SRE) last posted its earnings results on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.17. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. As a group, analysts anticipate that Sempra Energy will post 5.42 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 21st were issued a $0.895 dividend. The ex-dividend date was Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.28%. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.
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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