Sempra Energy (SRE) Stake Lifted by Signaturefd LLC

Signaturefd LLC lifted its position in Sempra Energy (NYSE:SRE) by 191.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,603 shares of the utilities provider’s stock after acquiring an additional 1,053 shares during the period. Signaturefd LLC’s holdings in Sempra Energy were worth $186,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after purchasing an additional 460 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock worth $4,813,000 after purchasing an additional 496 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of Sempra Energy by 11.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock worth $552,000 after purchasing an additional 496 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Sempra Energy by 7.3% in the first quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock worth $828,000 after purchasing an additional 504 shares during the last quarter. Finally, BB&T Securities LLC grew its holdings in shares of Sempra Energy by 16.8% in the second quarter. BB&T Securities LLC now owns 3,616 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

Several research analysts have recently issued reports on SRE shares. Argus raised their target price on shares of Sempra Energy to $130.00 and gave the stock a “buy” rating in a report on Monday, July 9th. Morgan Stanley restated an “equal weight” rating on shares of Sempra Energy in a report on Friday, August 17th. ValuEngine upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Monday, June 11th. JPMorgan Chase & Co. set a $110.00 target price on shares of Sempra Energy and gave the stock a “hold” rating in a report on Monday, July 30th. Finally, Wells Fargo & Co cut shares of Sempra Energy from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $118.00 to $123.00 in a report on Tuesday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.22.

NYSE:SRE opened at $118.73 on Friday. The firm has a market capitalization of $32.21 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.73 and a beta of 0.39. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $127.22. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.17. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. analysts predict that Sempra Energy will post 5.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is currently 66.05%.

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 engages in the generation, transmission, and distribution of electricity.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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