First American Trust FSB grew its stake in shares of Sempra Energy (NYSE:SRE) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,730 shares of the utilities provider’s stock after purchasing an additional 1,895 shares during the quarter. Sempra Energy makes up about 1.7% of First American Trust FSB’s holdings, making the stock its 13th biggest position. First American Trust FSB’s holdings in Sempra Energy were worth $8,374,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Sempra Energy by 2.9% during the second quarter. Vanguard Group Inc. now owns 22,763,214 shares of the utilities provider’s stock worth $3,128,576,000 after buying an additional 641,500 shares during the period. California Public Employees Retirement System increased its holdings in shares of Sempra Energy by 19.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,804,206 shares of the utilities provider’s stock valued at $247,970,000 after acquiring an additional 300,044 shares during the period. Electron Capital Partners LLC increased its holdings in shares of Sempra Energy by 34.1% in the 1st quarter. Electron Capital Partners LLC now owns 692,065 shares of the utilities provider’s stock valued at $87,103,000 after acquiring an additional 175,952 shares during the period. First Trust Advisors LP increased its holdings in shares of Sempra Energy by 53.2% in the 2nd quarter. First Trust Advisors LP now owns 489,743 shares of the utilities provider’s stock valued at $67,310,000 after acquiring an additional 169,989 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Sempra Energy by 1,201.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 179,112 shares of the utilities provider’s stock valued at $24,617,000 after acquiring an additional 165,353 shares during the period. 92.72% of the stock is currently owned by institutional investors.
In other news, COO Joseph A. Householder sold 14,304 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the transaction, the chief operating officer now owns 45,991 shares in the company, valued at approximately $6,586,371.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.09). The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. During the same quarter in the previous year, the company posted $1.35 EPS. As a group, analysts predict that Sempra Energy will post 5.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th will be issued a $0.9675 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.64%. Sempra Energy’s dividend payout ratio is presently 69.48%.
A number of research firms have commented on SRE. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $141.00 to $142.00 in a research note on Thursday, June 27th. UBS Group upped their price objective on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Argus increased their price objective on Sempra Energy from $150.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley lifted their target price on Sempra Energy from $147.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $149.44.
Sempra Energy Company Profile
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.
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