Bronfman E.L. Rothschild L.P. grew its position in Sempra Energy (NYSE:SRE) by 27.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 927 shares of the utilities provider’s stock after buying an additional 202 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Sempra Energy were worth $105,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Watermark Asset Management Inc. acquired a new stake in shares of Sempra Energy in the 1st quarter valued at $411,000. Teza Capital Management LLC acquired a new stake in shares of Sempra Energy in the 1st quarter valued at $814,000. Opus Capital Group LLC acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at $563,000. Prudential Financial Inc. increased its stake in shares of Sempra Energy by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 352,815 shares of the utilities provider’s stock valued at $38,986,000 after buying an additional 2,590 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Sempra Energy by 914.9% in the 1st quarter. Bank of Nova Scotia now owns 57,522 shares of the utilities provider’s stock valued at $6,357,000 after buying an additional 51,854 shares during the period. 81.20% of the stock is owned by institutional investors.
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Several equities research analysts have recently commented on SRE shares. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut Sempra Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. 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 research note on Thursday, June 8th. Morgan Stanley lifted their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $121.00.
Shares of Sempra Energy (NYSE SRE) opened at 119.16 on Friday. The firm has a market capitalization of $29.92 billion, a PE ratio of 17.62 and a beta of 0.55. The company’s 50 day moving average price is $116.57 and its 200-day moving average price is $113.19. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $119.66.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company earned $0.79 EPS. Sempra Energy’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Sempra Energy will post $5.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 22nd will be issued a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a yield of 2.76%. Sempra Energy’s payout ratio is 48.74%.
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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