First National Bank Sioux Falls purchased a new stake in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,426 shares of the utilities provider’s stock, valued at approximately $210,000.
Several other institutional investors have also added to or reduced their stakes in SRE. Vanguard Group Inc. raised its holdings in shares of Sempra Energy by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,763,214 shares of the utilities provider’s stock valued at $3,128,576,000 after purchasing an additional 641,500 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Sempra Energy by 19.9% during 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 purchasing an additional 300,044 shares in the last quarter. Electron Capital Partners LLC raised its holdings in Sempra Energy by 34.1% in the 1st quarter. Electron Capital Partners LLC now owns 692,065 shares of the utilities provider’s stock worth $87,103,000 after acquiring an additional 175,952 shares during the period. First Trust Advisors LP raised its holdings in Sempra Energy by 53.2% in the 2nd quarter. First Trust Advisors LP now owns 489,743 shares of the utilities provider’s stock worth $67,310,000 after acquiring an additional 169,989 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in 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 worth $24,617,000 after acquiring an additional 165,353 shares during the period. Institutional investors and hedge funds own 92.72% of the company’s stock.
NYSE SRE traded down $0.18 during midday trading on Friday, hitting $146.23. The company had a trading volume of 436,830 shares, compared to its average volume of 1,602,171. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The stock has a market cap of $40.06 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 3.23 and a beta of 0.42. The firm has a fifty day simple moving average of $143.01 and a two-hundred day simple moving average of $135.85. Sempra Energy has a fifty-two week low of $104.88 and a fifty-two week high of $148.14.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th will be given a $0.9675 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.87 annualized dividend and a yield of 2.65%. Sempra Energy’s dividend payout ratio is 69.48%.
In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now directly owns 45,991 shares in the company, valued at approximately $6,586,371.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Several research analysts recently commented on SRE shares. Morgan Stanley lifted their target price on shares of Sempra Energy from $147.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Zacks Investment Research downgraded shares of 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. ValuEngine downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Wells Fargo & Co lifted their target price on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Barclays started coverage on shares of Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Sempra Energy currently has an average rating of “Hold” and a consensus target price of $149.44.
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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