Sempra Energy (SRE) Stake Increased by DnB Asset Management AS

DnB Asset Management AS lifted its position in shares of Sempra Energy (NYSE:SRE) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,887 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. DnB Asset Management AS’s holdings in Sempra Energy were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of SRE. WESPAC Advisors SoCal LLC lifted its holdings in shares of Sempra Energy by 0.7% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 9 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of Sempra Energy during the 3rd quarter worth approximately $153,000. Rocky Mountain Advisers LLC acquired a new position in Sempra Energy during the 3rd quarter worth approximately $183,000. San Francisco Sentry Investment Group CA acquired a new position in Sempra Energy during the 2nd quarter worth approximately $186,000. Finally, Zions Bancorporation increased its position in Sempra Energy by 281.1% during the 3rd quarter. Zions Bancorporation now owns 1,738 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 1,282 shares in the last quarter. 80.47% of the stock is owned by institutional investors.

Sempra Energy (SRE) opened at $106.89 on Friday. The stock has a market cap of $26,840.00, a P/E ratio of 23.70, a P/E/G ratio of 2.19 and a beta of 0.62. Sempra Energy has a 12-month low of $99.71 and a 12-month high of $122.97. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $1.02 EPS. The company’s revenue was up 5.7% on a year-over-year basis. analysts anticipate that Sempra Energy will post 5.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is currently 72.95%.

A number of equities analysts recently issued reports on SRE shares. Wells Fargo & Co lowered their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. JPMorgan Chase & Co. lowered their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, October 12th. Bank of America started coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $122.33.

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About Sempra Energy

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

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