IBM Retirement Fund increased its position in shares of Sempra Energy (NYSE:SRE) by 120.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,137 shares of the utilities provider’s stock after buying an additional 3,351 shares during the period. IBM Retirement Fund’s holdings in Sempra Energy were worth $774,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of SRE. North Star Investment Management Corp. raised 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 period. Guardian Life Insurance Co. of America raised 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 period. Financial Architects Inc raised 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 period. HCR Wealth Advisors raised 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 period. Finally, Chartist Inc. CA raised 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 period. Institutional investors own 80.51% of the company’s stock.
Sempra Energy (NYSE:SRE) traded down 0.39% during mid-day trading on Friday, reaching $115.61. The company’s stock had a trading volume of 518,264 shares. The firm has a market cap of $29.03 billion, a PE ratio of 17.10 and a beta of 0.54. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $117.97. The company has a 50-day moving average price of $113.47 and a 200-day moving average price of $111.20.
Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm earned $0.79 EPS. Sempra Energy’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Sempra Energy will post $5.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were issued a $0.8225 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $3.29 dividend on an annualized basis and a yield of 2.85%. Sempra Energy’s dividend payout ratio is currently 48.74%.
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A number of brokerages recently commented on SRE. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a report on Thursday, June 8th. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lifted their price target on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total value of $2,608,890.00. Following the transaction, the chief executive officer now directly 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 available through the SEC website. 0.17% of the stock is currently owned by company 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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