Ameriprise Financial Inc. lessened its stake in Sempra Energy (NYSE:SRE) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 692,795 shares of the utilities provider’s stock after selling 6,349 shares during the quarter. Ameriprise Financial Inc. owned about 0.28% of Sempra Energy worth $78,132,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 202 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in shares of Sempra Energy by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Sempra Energy by 38.3% in the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 286 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Sempra Energy in the 1st quarter valued at $170,000. Institutional investors own 80.80% of the company’s stock.
Sempra Energy (NYSE SRE) opened at 117.66 on Tuesday. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company’s 50 day moving average is $117.48 and its 200 day moving average is $113.69. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of 17.40 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $0.79 EPS. Sempra Energy’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.8225 per share. The ex-dividend date is Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.80%. Sempra Energy’s dividend payout ratio (DPR) is 48.74%.
SRE has been the topic of a number of research analyst reports. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC lowered shares of 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. Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a report on Monday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $121.00.
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Sempra Energy Profile
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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