Prime Capital Investment Advisors LLC purchased a new stake in Sempra Energy (NYSE:SRE) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,899 shares of the utilities provider’s stock, valued at approximately $491,000.
Other hedge funds have also modified their holdings of the company. Karp Capital Management Corp acquired a new stake in shares of Sempra Energy in the 4th quarter valued at $25,000. Global Retirement Partners LLC raised its stake in Sempra Energy by 361.5% during the 4th quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 188 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Sempra Energy by 10,582.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 3,070,305 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in Sempra Energy during the 4th quarter worth $30,000. Finally, Johnson Financial Group Inc. raised its stake in Sempra Energy by 1,285.0% during the 4th quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 257 shares in the last quarter. 98.08% of the stock is owned by institutional investors.
Several brokerages recently commented on SRE. Wells Fargo & Co lifted their price target on shares of Sempra Energy from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday. Argus lifted their price target on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sempra Energy has a consensus rating of “Buy” and an average price target of $130.43.
Shares of Sempra Energy stock opened at $127.27 on Wednesday. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $130.00. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 1.27. The firm has a market cap of $34.88 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.09. Sempra Energy had a net margin of 8.73% and a return on equity of 9.54%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the firm posted $1.54 EPS. Sempra Energy’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts forecast that Sempra Energy will post 6.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were given a dividend of $0.9675 per share. This is an increase from Sempra Energy’s previous quarterly dividend of $0.90. This represents a $3.87 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, March 21st. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.
In other Sempra Energy news, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $112.26, for a total transaction of $117,760.74. Following the transaction, the vice president now directly owns 2,815 shares of the company’s stock, valued at approximately $316,011.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Schenk sold 5,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $644,600.00. Following the transaction, the director now directly owns 16,306 shares in the company, valued at $2,102,169.52. The disclosure for this sale can be found here. Insiders have sold a total of 8,442 shares of company stock worth $1,051,579 over the last three months. 0.13% of the stock is currently owned by insiders.
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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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