B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Sempra Energy (NYSE:SRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,247 shares of the utilities provider’s stock, valued at approximately $1,944,000.
A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Sempra Energy by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 583,125 shares of the utilities provider’s stock valued at $74,289,000 after acquiring an additional 12,006 shares during the last quarter. 44 Wealth Management LLC bought a new position in Sempra Energy in the fourth quarter valued at approximately $285,000. Voya Financial Advisors Inc. boosted its stake in Sempra Energy by 4.5% in the fourth quarter. Voya Financial Advisors Inc. now owns 2,802 shares of the utilities provider’s stock valued at $353,000 after acquiring an additional 121 shares during the last quarter. Eaton Vance Management boosted its stake in Sempra Energy by 1.0% in the fourth quarter. Eaton Vance Management now owns 1,109,255 shares of the utilities provider’s stock valued at $141,330,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its stake in Sempra Energy by 31.0% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 15,368 shares of the utilities provider’s stock valued at $1,958,000 after acquiring an additional 3,639 shares during the last quarter. 83.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Sempra Energy from an “equal weight” rating to an “overweight” rating and set a $141.00 price target on the stock in a research report on Thursday, January 14th. KeyCorp reduced their price target on shares of Sempra Energy from $143.00 to $141.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 12th. BMO Capital Markets lifted their price target on shares of Sempra Energy from $142.00 to $147.00 and gave the stock a “market perform” rating in a research report on Tuesday. Mizuho lifted their price target on shares of Sempra Energy from $119.00 to $137.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Finally, Seaport Global Securities cut shares of Sempra Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $144.00.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, February 25th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.35. Sempra Energy had a net margin of 34.85% and a return on equity of 11.02%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $1.55 EPS. As a group, equities research analysts forecast that Sempra Energy will post 7.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, March 25th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, March 24th. This is an increase from Sempra Energy’s previous quarterly dividend of $1.05. Sempra Energy’s dividend payout ratio (DPR) is 64.90%.
Sempra Energy Profile
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.
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