Profund Advisors LLC boosted its position in shares of Sempra Energy (NYSE:SRE) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,581 shares of the utilities provider’s stock after purchasing an additional 2,398 shares during the quarter. Profund Advisors LLC’s holdings in Sempra Energy were worth $3,241,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Sempra Energy by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock valued at $380,344,000 after acquiring an additional 253,809 shares during the period. Electron Capital Partners LLC grew its stake in Sempra Energy by 34.1% during the 1st quarter. Electron Capital Partners LLC now owns 692,065 shares of the utilities provider’s stock worth $87,103,000 after buying an additional 175,952 shares during the last quarter. First Trust Advisors LP grew its stake in Sempra Energy by 53.2% during the 2nd quarter. First Trust Advisors LP now owns 489,743 shares of the utilities provider’s stock worth $67,310,000 after buying an additional 169,989 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in Sempra Energy by 10.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,465,793 shares of the utilities provider’s stock worth $201,459,000 after buying an additional 144,568 shares during the last quarter. Finally, Maple Brown Abbott Ltd grew its stake in Sempra Energy by 20.2% during the 2nd quarter. Maple Brown Abbott Ltd now owns 720,916 shares of the utilities provider’s stock worth $99,083,000 after buying an additional 121,060 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.
In related news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the transaction, the chief operating officer now owns 45,991 shares in the company, valued at approximately $6,586,371.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.
Shares of Sempra Energy stock traded down $1.63 on Friday, hitting $142.03. The company’s stock had a trading volume of 32,898 shares, compared to its average volume of 1,222,625. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.31 and a current ratio of 0.34. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $144.93. The firm has a fifty day moving average price of $139.37 and a 200-day moving average price of $132.79. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.05 and a beta of 0.41.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. As a group, analysts forecast that Sempra Energy will post 5.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be paid a $0.9675 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.87 annualized dividend and a dividend yield of 2.72%. Sempra Energy’s dividend payout ratio is presently 69.48%.
A number of analysts have commented on SRE shares. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Monday, August 26th. Barclays started coverage on Sempra Energy in a research report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price target for the company. Wells Fargo & Co set a $153.00 price target on Sempra Energy and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley lowered their price target on Sempra Energy from $144.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Finally, Bank of America cut Sempra Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $141.00 to $142.00 in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $145.89.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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