Sempra Energy (SRE) Position Maintained by First National Bank Sioux Falls
First National Bank Sioux Falls maintained its position in Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The institutional investor owned 1,470 shares of the company’s stock at the end of the second quarter. First National Bank Sioux Falls’ holdings in Sempra Energy were worth $167,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SRE. Nomura Asset Management Co. Ltd. increased its stake in shares of Sempra Energy by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,348 shares of the company’s stock valued at $2,665,000 after buying an additional 200 shares during the last quarter. PGGM Investments increased its stake in shares of Sempra Energy by 6.6% in the first quarter. PGGM Investments now owns 210,294 shares of the company’s stock valued at $21,881,000 after buying an additional 12,967 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Sempra Energy by 2.5% in the first quarter. Commonwealth Equity Services Inc now owns 36,407 shares of the company’s stock valued at $3,788,000 after buying an additional 881 shares during the last quarter. Aperio Group LLC increased its stake in shares of Sempra Energy by 7.1% in the first quarter. Aperio Group LLC now owns 100,512 shares of the company’s stock valued at $10,458,000 after buying an additional 6,628 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Sempra Energy during the first quarter valued at $538,000. Institutional investors own 79.55% of the company’s stock.
Sempra Energy (NYSE:SRE) traded up 0.44% during mid-day trading on Tuesday, reaching $108.42. 1,468,030 shares of the company were exchanged. The company’s 50 day moving average price is $106.32 and its 200-day moving average price is $106.50. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66. The stock has a market capitalization of $27.12 billion, a P/E ratio of 28.63 and a beta of 0.47.
Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 4th. The company reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.18. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. On average, equities analysts expect that Sempra Energy will post $4.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Thursday, September 29th will be issued a dividend of $0.755 per share. The ex-dividend date is Tuesday, September 27th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.79%. Sempra Energy’s dividend payout ratio (DPR) is 79.68%.
Several analysts have recently weighed in on SRE shares. Argus reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. downgraded shares of Sempra Energy from a “conviction-buy” rating to a “neutral” rating and decreased their price objective for the stock from $109.90 to $109.46 in a report on Sunday, June 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $110.87.
In related news, Director William P. Rutledge sold 5,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $107.20, for a total value of $536,000.00. Following the sale, the director now owns 10,838 shares of the company’s stock, valued at approximately $1,161,833.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Trevor I. Mihalik sold 5,659 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total transaction of $604,720.74. Following the completion of the sale, the senior vice president now directly owns 2,615 shares in the company, valued at approximately $279,438.90. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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