Nisa Investment Advisors LLC Buys 14,100 Shares of Sempra Energy (SRE)
Nisa Investment Advisors LLC increased its stake in shares of Sempra Energy (NYSE:SRE) by 27.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,285 shares of the utilities provider’s stock after buying an additional 14,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Sempra Energy were worth $7,377,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Sempra Energy by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,712 shares of the utilities provider’s stock valued at $40,027,000 after buying an additional 13,096 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Sempra Energy by 4.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,444 shares of the utilities provider’s stock valued at $952,000 after buying an additional 424 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Sempra Energy during the fourth quarter valued at about $770,000. Brookfield Asset Management Inc. increased its stake in shares of Sempra Energy by 13.8% in the fourth quarter. Brookfield Asset Management Inc. now owns 724,085 shares of the utilities provider’s stock valued at $72,872,000 after buying an additional 88,000 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Sempra Energy by 69.7% in the fourth quarter. Perigon Wealth Management LLC now owns 11,261 shares of the utilities provider’s stock valued at $1,230,000 after buying an additional 4,625 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.
Sempra Energy (NYSE SRE) traded up 0.18% during trading on Thursday, reaching $113.14. 38,820 shares of the company’s stock were exchanged. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $117.97. The company has a market capitalization of $28.38 billion, a PE ratio of 19.47 and a beta of 0.54. The company’s 50-day moving average is $113.88 and its 200-day moving average is $109.82.
Sempra Energy (NYSE:SRE) last announced its earnings results on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.59 by $0.15. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.87 billion. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. Equities research analysts expect that Sempra Energy will post $5.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were issued a $0.8225 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $3.29 annualized dividend and a yield of 2.91%. Sempra Energy’s dividend payout ratio (DPR) is presently 56.92%.
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SRE has been the subject of several recent research reports. UBS AG reiterated a “buy” rating and issued a $128.00 price target (up from $124.00) on shares of Sempra Energy in a report on Tuesday, April 18th. Morgan Stanley lowered their price target on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Friday, April 28th. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a report on Wednesday, May 10th. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a report on Thursday, June 8th. Finally, BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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