Pacer Advisors Inc. lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 10.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,524 shares of the utilities provider’s stock after acquiring an additional 2,674 shares during the period. Pacer Advisors Inc.’s holdings in Sempra Energy were worth $4,210,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SRE. First Trust Advisors LP grew its position in Sempra Energy by 2.5% during the 1st quarter. First Trust Advisors LP now owns 319,754 shares of the utilities provider’s stock valued at $40,244,000 after purchasing an additional 7,908 shares during the last quarter. Private Advisor Group LLC lifted its stake in Sempra Energy by 25.0% during the 1st quarter. Private Advisor Group LLC now owns 7,185 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 1,435 shares during the period. Commonwealth Equity Services LLC lifted its stake in Sempra Energy by 5.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 35,956 shares of the utilities provider’s stock valued at $4,525,000 after acquiring an additional 1,897 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in Sempra Energy by 1.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock valued at $21,006,000 after acquiring an additional 2,796 shares during the period. Finally, Crabel Capital Management LLC bought a new position in shares of Sempra Energy in the 1st quarter worth approximately $240,000. Institutional investors and hedge funds own 92.72% of the company’s stock.
SRE has been the topic of several recent research reports. UBS Group increased their price objective on shares of Sempra Energy from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Bank of America cut shares of Sempra Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $141.00 to $142.00 in a research note on Thursday, June 27th. ValuEngine cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Barclays initiated coverage on shares of Sempra Energy in a research note on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Finally, Argus increased their price objective on shares of Sempra Energy from $150.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Sempra Energy presently has an average rating of “Hold” and an average price target of $149.44.
In related news, COO Joseph A. Householder sold 14,304 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the transaction, 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 SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.
Shares of SRE opened at $145.49 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.31. Sempra Energy has a 1 year low of $104.88 and a 1 year high of $148.14. The company has a 50 day simple moving average of $143.12 and a two-hundred day simple moving average of $135.95. The firm has a market cap of $40.26 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 3.25 and a beta of 0.42.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (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 company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business earned $1.35 earnings per share. On average, sell-side analysts anticipate that Sempra Energy will post 5.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be issued a $0.9675 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, September 19th. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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