Whittier Trust Co. of Nevada Inc. Boosts Stake in Sempra Energy (SRE)
Whittier Trust Co. of Nevada Inc. increased its stake in Sempra Energy (NYSE:SRE) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,037 shares of the utilities provider’s stock after buying an additional 375 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sempra Energy were worth $1,019,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service increased its position in Sempra Energy by 4.4% in the first quarter. National Pension Service now owns 188,529 shares of the utilities provider’s stock worth $20,782,000 after buying an additional 8,032 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Sempra Energy by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 73,130 shares of the utilities provider’s stock worth $8,080,000 after buying an additional 950 shares during the last quarter. Raymond James Trust N.A. increased its position in Sempra Energy by 0.8% in the first quarter. Raymond James Trust N.A. now owns 9,235 shares of the utilities provider’s stock worth $1,021,000 after buying an additional 71 shares during the last quarter. Pure Financial Advisors Inc. increased its position in Sempra Energy by 40.5% in the first quarter. Pure Financial Advisors Inc. now owns 24,050 shares of the utilities provider’s stock worth $2,658,000 after buying an additional 6,936 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Sempra Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 217,730 shares of the utilities provider’s stock worth $24,060,000 after buying an additional 6,480 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.
Sempra Energy (SRE) traded up 0.32% during midday trading on Friday, hitting $114.43. The stock had a trading volume of 251,990 shares. The company has a 50-day moving average price of $113.81 and a 200-day moving average price of $109.85. The stock has a market cap of $28.70 billion, a P/E ratio of 19.69 and a beta of 0.54. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.15. Sempra Energy had a return on equity of 9.06% and a net margin of 13.77%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts expect that Sempra Energy will post $5.10 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, July 7th were given a dividend of $0.8225 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.88%. Sempra Energy’s dividend payout ratio is presently 56.92%.
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A number of research firms have issued reports on SRE. BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC downgraded shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a research report on Thursday, June 8th. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a research report on Wednesday, May 10th. Morgan Stanley increased their target price on Sempra Energy from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Finally, UBS AG reissued a “buy” rating and set a $128.00 target price (up from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Sempra Energy has a consensus rating of “Hold” and an average price target of $121.00.
In other news, CEO Debra L. Reed sold 23,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.
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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