Louisiana State Employees Retirement System boosted its stake in Sempra Energy (NYSE:SRE) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the utilities provider’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sempra Energy were worth $1,825,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in Sempra Energy in the 4th quarter valued at about $25,000. Global Retirement Partners LLC lifted its stake in Sempra Energy by 361.5% in the 4th quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock valued at $26,000 after buying an additional 188 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in Sempra Energy in the 4th quarter valued at about $30,000. Johnson Financial Group Inc. lifted its stake in Sempra Energy by 1,285.0% in the 4th quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock valued at $30,000 after buying an additional 257 shares in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in Sempra Energy in the 4th quarter valued at about $43,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on SRE shares. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Wells Fargo & Co raised their target price on shares of Sempra Energy from $128.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Guggenheim reissued a “buy” rating and issued a $133.00 target price on shares of Sempra Energy in a research note on Monday, January 7th. Finally, Morgan Stanley raised their target price on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Three equities research 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 “Buy” and an average target price of $130.43.
SRE opened at $127.27 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.45 and a current ratio of 0.48. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $130.00. The company has a market capitalization of $35.23 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53.
Sempra Energy (NYSE:SRE) last released its earnings results on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.09. Sempra Energy had a net margin of 8.73% and a return on equity of 9.54%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $1.54 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Sempra Energy will post 6.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 22nd were paid a $0.9675 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.90. The ex-dividend date was Thursday, March 21st. Sempra Energy’s dividend payout ratio (DPR) is 69.48%.
In other Sempra Energy news, Director Lynn Schenk sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $644,600.00. Following the transaction, the director now directly owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP G Joyce Rowland sold 2,393 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $120.86, for a total transaction of $289,217.98. Following the sale, the vice president now owns 12,461 shares of the company’s stock, valued at approximately $1,506,036.46. The disclosure for this sale can be found here. Insiders sold a total of 8,442 shares of company stock worth $1,051,579 over the last three months. Corporate insiders own 0.13% of the company’s stock.
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Sempra Energy Company 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.
Further Reading: Earnings Per Share
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