JOYN Advisors Inc. grew its stake in Sempra Energy (NYSE:SRE) by 35.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 823 shares of the utilities provider’s stock after purchasing an additional 215 shares during the quarter. JOYN Advisors Inc.’s holdings in Sempra Energy were worth $89,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SRE. Cornerstone Wealth Management LLC lifted its holdings in Sempra Energy by 34.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 28,833 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 7,458 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Sempra Energy by 96.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 33,504 shares of the utilities provider’s stock valued at $3,811,000 after purchasing an additional 16,419 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Sempra Energy by 25.3% in the 3rd quarter. Victory Capital Management Inc. now owns 296,580 shares of the utilities provider’s stock valued at $33,736,000 after purchasing an additional 59,838 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Sempra Energy by 2.6% in the 3rd quarter. TD Asset Management Inc. now owns 271,738 shares of the utilities provider’s stock valued at $30,910,000 after purchasing an additional 6,773 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Sempra Energy by 7.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,045 shares of the utilities provider’s stock valued at $1,029,000 after purchasing an additional 630 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.
In other news, Director Lynn Schenk sold 5,000 shares of Sempra Energy stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $107.09, for a total transaction of $535,450.00. Following the transaction, the director now owns 11,306 shares in the company, valued at approximately $1,210,759.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP G Joyce Rowland sold 2,393 shares of Sempra Energy stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $120.86, for a total value of $289,217.98. Following the transaction, the vice president now owns 12,461 shares in the company, valued at approximately $1,506,036.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,442 shares of company stock worth $942,429. Insiders own 0.16% of the company’s stock.
NYSE SRE opened at $121.75 on Friday. Sempra Energy has a 52 week low of $100.49 and a 52 week high of $127.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. The firm has a market cap of $32.42 billion, a PE ratio of 21.86, a P/E/G ratio of 2.40 and a beta of 0.51.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, February 26th. The utilities provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts expect that Sempra Energy will post 6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.9675 per share. This represents a $3.87 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.90. Sempra Energy’s payout ratio is currently 64.27%.
A number of research analysts have weighed in on the company. Zacks Investment Research restated a “buy” rating and issued a $128.00 price objective on shares of Sempra Energy in a report on Monday, December 31st. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Co raised their price objective on Sempra Energy from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a report on Tuesday, February 26th. Finally, Guggenheim restated a “buy” rating and issued a $133.00 price objective on shares of Sempra Energy in a report on Monday, January 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $125.43.
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Sempra Energy 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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