Creative Planning increased its position in shares of Sempra Energy (NYSE:SRE) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,091 shares of the utilities provider’s stock after buying an additional 4,530 shares during the period. Creative Planning’s holdings in Sempra Energy were worth $2,942,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after buying an additional 19,262,128 shares in the last quarter. Vanguard Group Inc. increased its stake in Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after buying an additional 596,498 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Sempra Energy by 17.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,581,705 shares of the utilities provider’s stock worth $395,778,000 after buying an additional 544,234 shares in the last quarter. First Trust Advisors LP increased its stake in Sempra Energy by 256.7% in the first quarter. First Trust Advisors LP now owns 666,515 shares of the utilities provider’s stock worth $73,650,000 after buying an additional 479,656 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Sempra Energy by 4.9% in the first quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock worth $943,907,000 after buying an additional 400,464 shares in the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.
Sempra Energy (NYSE SRE) opened at 111.61 on Friday. The firm has a market cap of $28.00 billion, a P/E ratio of 19.21 and a beta of 0.54. The firm’s 50-day moving average price is $114.20 and its 200-day moving average price is $108.83. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.15. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.87 billion. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. On average, equities research analysts expect that Sempra Energy will post $5.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Friday, July 7th will be paid a $0.8225 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $3.29 annualized dividend and a yield of 2.95%. Sempra Energy’s dividend payout ratio (DPR) is 56.92%.
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SRE has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Sempra Energy from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 target price on shares of Sempra Energy in a research report on Wednesday, May 10th. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a research report on Thursday, June 8th. Finally, BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Sempra Energy currently has an average rating of “Hold” and an average target price of $119.60.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the completion of the sale, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.
Sempra Energy Company 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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