Seeyond Buys 2,565 Shares of Sempra Energy (NYSE:SRE)

Seeyond increased its holdings in shares of Sempra Energy (NYSE:SRE) by 21.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,640 shares of the utilities provider’s stock after purchasing an additional 2,565 shares during the quarter. Seeyond’s holdings in Sempra Energy were worth $1,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new position in Sempra Energy during the first quarter worth $30,000. Evermay Wealth Management LLC acquired a new position in Sempra Energy during the second quarter worth $31,000. Alpha Paradigm Partners LLC acquired a new position in Sempra Energy during the first quarter worth $50,000. CX Institutional lifted its stake in Sempra Energy by 47.2% in the second quarter. CX Institutional now owns 546 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 175 shares during the last quarter. Finally, Corsicana & Co. acquired a new stake in Sempra Energy in the second quarter valued at $79,000. Institutional investors and hedge funds own 83.50% of the company’s stock.

NYSE:SRE traded up $1.05 during mid-day trading on Thursday, reaching $127.90. 3,570 shares of the company’s stock were exchanged, compared to its average volume of 1,508,712. Sempra Energy has a one year low of $114.66 and a one year high of $144.93. The firm has a market capitalization of $40.84 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.33 and a beta of 0.64. The business’s fifty day simple moving average is $130.87 and its two-hundred day simple moving average is $133.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.47 and a current ratio of 0.51.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 5th. The utilities provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.59 by $0.04. Sempra Energy had a net margin of 18.44% and a return on equity of 10.40%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the firm earned $1.71 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that Sempra Energy will post 8.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, September 24th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, September 23rd. Sempra Energy’s dividend payout ratio is currently 54.79%.

A number of analysts have commented on SRE shares. Mizuho increased their price target on shares of Sempra Energy from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, June 28th. KeyCorp cut their price target on shares of Sempra Energy from $141.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, July 1st. The Goldman Sachs Group cut shares of Sempra Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday. Morgan Stanley cut their price target on shares of Sempra Energy from $156.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, September 17th. Finally, BMO Capital Markets cut their target price on shares of Sempra Energy from $151.00 to $145.00 and set a “market perform” rating for the company in a research note on Friday, June 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sempra Energy presently has a consensus rating of “Hold” and a consensus target price of $147.14.

Sempra Energy Company Profile

Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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