North Star Investment Management Corp. reduced its position in Sempra Energy (NYSE:SRE) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,152 shares of the utilities provider’s stock after selling 6 shares during the period. North Star Investment Management Corp.’s holdings in Sempra Energy were worth $243,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of SRE. National Pension Service increased its stake in Sempra Energy by 4.4% in the first quarter. National Pension Service now owns 188,529 shares of the utilities provider’s stock worth $20,782,000 after buying an additional 8,032 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Sempra Energy by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 73,130 shares of the utilities provider’s stock worth $8,080,000 after buying an additional 950 shares during the last quarter. Raymond James Trust N.A. increased its stake in Sempra Energy by 0.8% in the first quarter. Raymond James Trust N.A. now owns 9,235 shares of the utilities provider’s stock worth $1,021,000 after buying an additional 71 shares during the last quarter. Pure Financial Advisors Inc. increased its stake in Sempra Energy by 40.5% in the first quarter. Pure Financial Advisors Inc. now owns 24,050 shares of the utilities provider’s stock worth $2,658,000 after buying an additional 6,936 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Sempra Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 217,730 shares of the utilities provider’s stock worth $24,060,000 after buying an additional 6,480 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) opened at 113.74 on Friday. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $117.97. The firm’s 50-day moving average price is $113.81 and its 200-day moving average price is $109.85. The stock has a market cap of $28.53 billion, a P/E ratio of 19.57 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, May 9th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.15. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 EPS. Equities analysts predict that Sempra Energy will post $5.10 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, July 7th were given a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, July 5th. Sempra Energy’s dividend payout ratio is 56.92%.
A number of equities research analysts have weighed in on the company. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a research report on Thursday, June 8th. BidaskClub upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Morgan Stanley lowered their price target on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a research report on Friday, April 28th. UBS AG restated a “buy” rating and set a $128.00 price target (up previously from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $115.00 price target on shares of Sempra Energy in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $121.00.
In other news, CEO Debra L. Reed sold 23,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the sale, the chief executive officer now directly owns 112,345 shares in the company, valued at approximately $12,743,293.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by corporate insiders.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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