State Treasurer State of Michigan boosted its position in Sempra Energy (NYSE:SRE) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,438 shares of the utilities provider’s stock after buying an additional 100 shares during the period. State Treasurer State of Michigan’s holdings in Sempra Energy were worth $9,295,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. boosted its stake in shares of Sempra Energy by 0.3% in the first quarter. North Star Investment Management Corp. now owns 2,158 shares of the utilities provider’s stock worth $238,000 after buying an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock worth $107,000 after buying an additional 6 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock worth $150,000 after buying an additional 7 shares during the last quarter. HCR Wealth Advisors boosted its stake in shares of Sempra Energy by 0.3% in the first quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock worth $357,000 after buying an additional 11 shares during the last quarter. Finally, Chartist Inc. CA boosted its stake in shares of Sempra Energy by 0.4% in the first quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock worth $318,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.
Sempra Energy (NYSE SRE) traded up 0.09% during trading on Friday, reaching $114.16. The company’s stock had a trading volume of 198,385 shares. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 19.65 and a beta of 0.54. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $117.97. The stock’s 50-day moving average is $113.81 and its 200 day moving average is $109.85.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.15. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.87 billion. Sempra Energy had a return on equity of 9.06% and a net margin of 13.77%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, analysts predict that Sempra Energy will post $5.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, July 7th were issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Wednesday, July 5th. Sempra Energy’s dividend payout ratio is 56.92%.
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A number of analysts have recently issued reports on the company. UBS AG reiterated a “buy” rating and set a $128.00 target price (up previously from $124.00) on shares of Sempra Energy in a report on Tuesday, April 18th. BMO Capital Markets reiterated a “hold” rating and set a $115.00 target price on shares of Sempra Energy in a report on Wednesday, May 10th. Morgan Stanley boosted their target price on Sempra Energy from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. BidaskClub upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a report on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $121.00.
In other news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
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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