Intl Fcstone Inc. bought a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,551 shares of the utilities provider’s stock, valued at approximately $851,000.
A number of other hedge funds have also modified their holdings of SRE. Principal Financial Group Inc. raised its holdings in Sempra Energy by 240.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock valued at $144,664,000 after acquiring an additional 905,963 shares during the period. BT Investment Management Ltd bought a new stake in Sempra Energy during the 2nd quarter valued at $85,559,000. Capital International Investors raised its holdings in Sempra Energy by 7.1% during the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after acquiring an additional 661,199 shares during the period. Janus Henderson Group PLC raised its holdings in Sempra Energy by 1,806.5% during the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after acquiring an additional 573,891 shares during the period. Finally, CI Investments Inc. raised its holdings in Sempra Energy by 125.3% during the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after acquiring an additional 514,100 shares during the period. 80.64% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on SRE shares. Goldman Sachs Group, Inc. (The) raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Royal Bank Of Canada reissued a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co lowered their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $124.22.
Sempra Energy (NYSE SRE) opened at 114.13 on Monday. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company has a market cap of $28.66 billion, a PE ratio of 16.88 and a beta of 0.55. The stock has a 50 day moving average of $115.83 and a 200 day moving average of $114.36.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd were given a dividend of $0.8225 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. 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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