MAI Capital Management raised its position in Sempra Energy (NYSE:SRE – Get Rating) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,865 shares of the utilities provider’s stock after purchasing an additional 992 shares during the quarter. MAI Capital Management’s holdings in Sempra Energy were worth $597,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Sempra Energy by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,199,642 shares of the utilities provider’s stock valued at $4,228,254,000 after purchasing an additional 625,052 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Sempra Energy by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,795,347 shares of the utilities provider’s stock worth $638,074,000 after acquiring an additional 24,679 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sempra Energy by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,935,160 shares of the utilities provider’s stock worth $440,097,000 after acquiring an additional 80,852 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Sempra Energy by 16.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,540,802 shares of the utilities provider’s stock worth $381,066,000 after acquiring an additional 366,259 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Sempra Energy by 7.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,388,520 shares of the utilities provider’s stock worth $358,329,000 after acquiring an additional 166,839 shares during the last quarter. 84.75% of the stock is currently owned by institutional investors and hedge funds.
Sempra Energy Price Performance
Sempra Energy stock opened at $150.53 on Tuesday. The stock has a market cap of $47.36 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73. The company has a fifty day simple moving average of $151.41 and a 200-day simple moving average of $155.39. Sempra Energy has a 12-month low of $136.54 and a 12-month high of $176.47. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.86.
Sempra Energy (NYSE:SRE – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The utilities provider reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.16. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Sempra Energy had a net margin of 14.47% and a return on equity of 10.28%. The company’s revenue for the quarter was up 71.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 EPS. Equities analysts expect that Sempra Energy will post 8.97 EPS for the current fiscal year.
Sempra Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Wednesday, July 5th will be given a dividend of $1.19 per share. The ex-dividend date is Monday, July 3rd. This represents a $4.76 annualized dividend and a dividend yield of 3.16%. Sempra Energy’s dividend payout ratio (DPR) is currently 61.34%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on SRE shares. Wells Fargo & Company decreased their price objective on shares of Sempra Energy from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Wednesday, March 1st. Bank of America decreased their price objective on shares of Sempra Energy from $173.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, March 28th. BMO Capital Markets decreased their price objective on shares of Sempra Energy from $169.00 to $166.00 and set a “market perform” rating on the stock in a report on Wednesday, March 1st. StockNews.com began coverage on shares of Sempra Energy in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Morgan Stanley increased their target price on shares of Sempra Energy from $150.00 to $164.00 and gave the stock an “equal weight” rating in a report on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $167.25.
Insider Transactions at Sempra Energy
In related news, CEO Jeffrey W. Martin sold 19,260 shares of Sempra Energy stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $146.09, for a total transaction of $2,813,693.40. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at approximately $146.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Sempra Energy news, CEO Jeffrey W. Martin sold 10,413 shares of Sempra Energy stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $150.99, for a total value of $1,572,258.87. Following the transaction, the chief executive officer now directly owns 19,261 shares in the company, valued at $2,908,218.39. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Martin sold 19,260 shares of Sempra Energy stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $146.09, for a total transaction of $2,813,693.40. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at $146.09. The disclosure for this sale can be found here. In the last three months, insiders sold 31,979 shares of company stock valued at $4,728,393. Insiders own 0.24% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.