L & S Advisors Inc Invests $4.26 Million in Sempra Energy (NYSE:SRE)

L & S Advisors Inc purchased a new position in shares of Sempra Energy (NYSE:SRE) in the 2nd quarter, Holdings Channel reports. The fund purchased 30,977 shares of the utilities provider’s stock, valued at approximately $4,257,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its position in Sempra Energy by 0.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock valued at $2,674,000 after buying an additional 74 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Sempra Energy by 1.2% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 6,417 shares of the utilities provider’s stock valued at $882,000 after buying an additional 74 shares in the last quarter. Global Retirement Partners LLC grew its position in Sempra Energy by 35.0% in the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock valued at $41,000 after buying an additional 84 shares in the last quarter. Ninepoint Partners LP boosted its position in shares of Sempra Energy by 3.6% during the 1st quarter. Ninepoint Partners LP now owns 2,527 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 88 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Sempra Energy by 5.3% during the 2nd quarter. Signaturefd LLC now owns 1,822 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

SRE stock opened at $144.05 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24. Sempra Energy has a one year low of $104.88 and a one year high of $144.93. The firm has a market capitalization of $38.92 billion, a PE ratio of 25.86, a P/E/G ratio of 3.05 and a beta of 0.41. The firm has a 50-day moving average of $139.37 and a two-hundred day moving average of $132.79.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that Sempra Energy will post 5.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Thursday, September 19th. Sempra Energy’s dividend payout ratio is presently 69.48%.

SRE has been the subject of several research reports. UBS Group raised their price objective on shares of Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, September 6th. KeyCorp initiated coverage on shares of Sempra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $151.00 price objective for the company. Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price objective for the company. in a research report on Wednesday, July 24th. Barclays initiated coverage on shares of Sempra Energy in a research report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price objective for the company. Finally, Wells Fargo & Co set a $153.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $145.89.

In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the completion of the sale, the chief operating officer now directly owns 45,991 shares of the company’s stock, valued at $6,586,371.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

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 generates, transmits, and distributes electricity; and supplies natural gas.

Further Reading: Front-End Load

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

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