Seeyond Buys 2,565 Shares of Sempra Energy (NYSE:SRE)

Seeyond increased its stake in Sempra Energy (NYSE:SRE) by 21.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,640 shares of the utilities provider’s stock after purchasing an additional 2,565 shares during the quarter. Seeyond’s holdings in Sempra Energy were worth $1,939,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new stake in shares of Sempra Energy in the 1st quarter valued at $30,000. Evermay Wealth Management LLC bought a new stake in shares of Sempra Energy in the 2nd quarter valued at $31,000. Alpha Paradigm Partners LLC bought a new stake in Sempra Energy during the 1st quarter valued at $50,000. CX Institutional increased its stake in Sempra Energy by 47.2% during the 2nd quarter. CX Institutional now owns 546 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 175 shares in the last quarter. Finally, Corsicana & Co. bought a new stake in Sempra Energy during the 2nd quarter valued at $79,000. Institutional investors own 83.50% of the company’s stock.

Shares of NYSE SRE traded up $1.05 during trading on Thursday, hitting $127.90. The stock had a trading volume of 3,570 shares, compared to its average volume of 1,508,712. Sempra Energy has a 12 month low of $114.66 and a 12 month high of $144.93. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.47. The company has a market capitalization of $40.84 billion, a PE ratio of 18.44, a PEG ratio of 3.33 and a beta of 0.64. The firm has a fifty day moving average of $130.87 and a two-hundred day moving average of $133.81.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 5th. The utilities provider reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. Sempra Energy had a net margin of 18.44% and a return on equity of 10.40%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 EPS. On average, equities analysts expect that Sempra Energy will post 8.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Friday, September 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Thursday, September 23rd. Sempra Energy’s dividend payout ratio (DPR) is currently 54.79%.

A number of brokerages have commented on SRE. The Goldman Sachs Group lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday. KeyCorp decreased their price target on shares of Sempra Energy from $141.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, July 1st. Morgan Stanley decreased their price target on shares of Sempra Energy from $156.00 to $155.00 and set an “equal weight” rating for the company in a research note on Friday, September 17th. BMO Capital Markets decreased their price target on shares of Sempra Energy from $151.00 to $145.00 and set a “market perform” rating for the company in a research note on Friday, June 25th. Finally, Mizuho boosted their price target on shares of Sempra Energy from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Monday, June 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.14.

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.

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

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