Partnervest Advisory Services LLC Has $1.71 Million Stake in Sempra Energy (SRE)
Partnervest Advisory Services LLC lowered its stake in Sempra Energy (NYSE:SRE) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,135 shares of the utilities provider’s stock after selling 10 shares during the period. Sempra Energy comprises approximately 0.8% of Partnervest Advisory Services LLC’s portfolio, making the stock its 25th largest position. Partnervest Advisory Services LLC’s holdings in Sempra Energy were worth $1,706,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock valued at $2,206,556,000 after buying an additional 19,262,128 shares in the last quarter. Vanguard Group Inc. raised its position in Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock valued at $1,919,015,000 after buying an additional 596,498 shares in the last quarter. Wellington Management Group LLP raised its position in Sempra Energy by 4.9% in the first quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock valued at $943,907,000 after buying an additional 400,464 shares in the last quarter. Morgan Stanley raised its position in Sempra Energy by 1.9% in the first quarter. Morgan Stanley now owns 4,087,824 shares of the utilities provider’s stock valued at $451,706,000 after buying an additional 76,182 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Sempra Energy by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 3,951,728 shares of the utilities provider’s stock valued at $436,666,000 after buying an additional 11,080 shares in the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.
Shares of Sempra Energy (SRE) opened at 116.73 on Thursday. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 17.27 and a beta of 0.54. The company has a 50-day moving average of $113.35 and a 200 day moving average of $111.07.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. Equities research analysts forecast that Sempra Energy will post $5.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.82%. Sempra Energy’s dividend payout ratio (DPR) is 48.74%.
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SRE has been the topic of several analyst reports. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday. UBS AG reiterated a “buy” rating and set a $128.00 price target (up previously from $124.00) on shares of Sempra Energy in a report on Tuesday, April 18th. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a report on Thursday, June 8th. Finally, Morgan Stanley lifted their price target on Sempra Energy from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $120.43.
In other news, CEO Debra L. Reed sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was 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 directly owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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