Livforsakringsbolaget Skandia Omsesidigt held its position in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,564 shares of the utilities provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sempra Energy were worth $515,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in SRE. Guardian Life Insurance Co. of America increased its position in Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Financial Architects Inc increased its position in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Sempra Energy during the first quarter valued at $170,000. Signaturefd LLC purchased a new position in Sempra Energy during the first quarter valued at $201,000. Finally, Pacific Center for Financial Services boosted its stake in Sempra Energy by 265.1% in the first quarter. Pacific Center for Financial Services now owns 1,829 shares of the utilities provider’s stock valued at $202,000 after buying an additional 1,328 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.
Sempra Energy (SRE) traded up 0.76% on Friday, reaching $114.93. The company had a trading volume of 845,945 shares. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 19.78 and a beta of 0.54. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $117.97. The stock’s 50-day moving average price is $113.81 and its 200 day moving average price is $109.85.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.15. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.87 billion. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. Sempra Energy’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 earnings per share. On average, equities analysts anticipate that Sempra Energy will post $5.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were paid a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s dividend payout ratio (DPR) is 56.92%.
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Several equities research analysts recently commented on SRE shares. UBS AG reaffirmed a “buy” rating and issued a $128.00 price target (up previously from $124.00) on shares of Sempra Energy in a report on Tuesday, April 18th. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a report on Thursday, June 8th. BidaskClub raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Sempra Energy in a research note on Wednesday, May 10th. Finally, Morgan Stanley lifted their price objective on Sempra Energy from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the sale, the chief executive officer now directly owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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