LPL Financial LLC grew its stake in Sempra Energy (NYSE:SRE) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,716 shares of the utilities provider’s stock after purchasing an additional 3,780 shares during the quarter. LPL Financial LLC’s holdings in Sempra Energy were worth $2,108,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. MHI Funds LLC acquired a new stake in Sempra Energy during the 4th quarter worth $130,000. Front Row Advisors LLC acquired a new stake in Sempra Energy during the 4th quarter worth $130,000. Calton & Associates Inc. acquired a new stake in Sempra Energy during the 4th quarter worth $139,000. Fieldpoint Private Securities LLC acquired a new stake in Sempra Energy during the 3rd quarter worth $153,000. Finally, Focused Wealth Management Inc acquired a new stake in Sempra Energy during the 4th quarter worth $160,000. 82.43% of the stock is currently owned by institutional investors.
Several analysts recently commented on SRE shares. Guggenheim reaffirmed a “buy” rating and set a $122.00 price objective on shares of Sempra Energy in a research note on Friday, February 23rd. UBS started coverage on Sempra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $124.00 price objective on the stock. Wells Fargo reaffirmed a “buy” rating and set a $121.00 price objective (down previously from $130.00) on shares of Sempra Energy in a research note on Wednesday, January 3rd. Zacks Investment Research raised Sempra Energy from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Wednesday, March 28th. Finally, TheStreet downgraded Sempra Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $120.27.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.14. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $1.52 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. analysts expect that Sempra Energy will post 5.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Friday, March 23rd will be paid a $0.895 dividend. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, March 22nd. This represents a $3.58 annualized dividend and a dividend yield of 3.22%. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.
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Sempra Energy 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 engages in the generation, transmission, and distribution of electricity.
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