Renaissance Technologies LLC Reduces Position in Sempra Energy (NYSE:SRE)

Renaissance Technologies LLC lowered its holdings in Sempra Energy (NYSE:SRE) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,930 shares of the utilities provider’s stock after selling 152,370 shares during the period. Renaissance Technologies LLC owned 0.09% of Sempra Energy worth $35,038,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Girard Partners LTD. purchased a new stake in shares of Sempra Energy in the second quarter valued at $203,000. Bank of New York Mellon Corp grew its position in Sempra Energy by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 2,273,243 shares of the utilities provider’s stock valued at $312,434,000 after acquiring an additional 14,352 shares during the period. Bahl & Gaynor Inc. grew its position in Sempra Energy by 10.9% during the second quarter. Bahl & Gaynor Inc. now owns 1,465,793 shares of the utilities provider’s stock valued at $201,459,000 after acquiring an additional 144,568 shares during the period. Quantamental Technologies LLC purchased a new stake in Sempra Energy during the second quarter valued at about $50,000. Finally, M&T Bank Corp grew its position in Sempra Energy by 23.9% during the second quarter. M&T Bank Corp now owns 25,772 shares of the utilities provider’s stock valued at $3,542,000 after acquiring an additional 4,978 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Shares of SRE traded down $0.76 during midday trading on Friday, reaching $142.90. 18,358 shares of the company were exchanged, compared to its average volume of 1,222,625. The stock has a 50-day moving average price of $139.37 and a 200-day moving average price of $132.79. The company has a market cap of $38.92 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 3.05 and a beta of 0.41. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $144.93. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.35 EPS. Equities research analysts anticipate that Sempra Energy will post 5.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be paid a $0.9675 dividend. This represents a $3.87 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, September 19th. Sempra Energy’s dividend payout ratio (DPR) is 69.48%.

A number of equities research analysts have issued reports on the company. Wells Fargo & Co set a $153.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price target for the company. in a research report on Wednesday, July 24th. KeyCorp assumed coverage on Sempra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $151.00 price target for the company. Barclays assumed coverage on Sempra Energy in a research report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price target for the company. Finally, Bank of America downgraded Sempra Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $141.00 to $142.00 in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and an average price target of $145.89.

In related news, COO Joseph A. Householder sold 14,304 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the sale, the chief operating officer now directly owns 45,991 shares of the company’s stock, valued at $6,586,371.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

About Sempra Energy

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

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