LS Investment Advisors LLC lessened its stake in Sempra Energy (NYSE:SRE) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,155 shares of the utilities provider’s stock after selling 977 shares during the quarter. LS Investment Advisors LLC’s holdings in Sempra Energy were worth $990,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SRE. Robecosam AG acquired a new stake in shares of Sempra Energy during the 4th quarter worth about $890,000. TD Asset Management Inc. boosted its stake in shares of Sempra Energy by 15.3% during the 4th quarter. TD Asset Management Inc. now owns 313,291 shares of the utilities provider’s stock worth $33,895,000 after purchasing an additional 41,553 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Sempra Energy by 5.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 377,739 shares of the utilities provider’s stock worth $40,868,000 after purchasing an additional 19,695 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Sempra Energy by 85.5% during the 4th quarter. First Mercantile Trust Co. now owns 5,389 shares of the utilities provider’s stock worth $583,000 after purchasing an additional 2,484 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Sempra Energy by 0.3% during the 4th quarter. Rhumbline Advisers now owns 486,036 shares of the utilities provider’s stock worth $52,584,000 after purchasing an additional 1,460 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.
SRE opened at $117.92 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The company has a market capitalization of $32.30 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.39 and a beta of 0.51.
Sempra Energy (NYSE:SRE) last released its earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Sempra Energy will post 5.46 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a $0.895 dividend. The ex-dividend date was Friday, December 28th. This represents a $3.58 annualized dividend and a dividend yield of 3.04%. Sempra Energy’s dividend payout ratio is presently 66.05%.
In related news, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $112.26, for a total value of $117,760.74. Following the sale, the vice president now directly owns 2,815 shares of the company’s stock, valued at $316,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph A. Householder sold 11,600 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $115.14, for a total transaction of $1,335,624.00. Following the completion of the sale, the insider now directly owns 95,527 shares in the company, valued at $10,998,978.78. The disclosure for this sale can be found here. Insiders sold 17,649 shares of company stock worth $1,988,835 over the last three months. Corporate insiders own 0.16% of the company’s stock.
SRE has been the topic of several analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $128.00 price target on shares of Sempra Energy in a research note on Monday, December 31st. Wells Fargo & Co raised their price target on shares of Sempra Energy from $129.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Guggenheim reaffirmed a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a research note on Monday, January 7th. Finally, TheStreet cut shares of Sempra Energy from a “b” rating to a “c+” rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Sempra Energy currently has an average rating of “Buy” and an average target price of $125.43.
Sempra Energy Profile
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 engages in the generation, transmission, and distribution of electricity.
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