Rothschild Asset Management Inc. Boosts Stake in Sempra Energy (NYSE:SRE)
Rothschild Asset Management Inc. increased its position in Sempra Energy (NYSE:SRE) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,619 shares of the utilities provider’s stock after buying an additional 48 shares during the period. Rothschild Asset Management Inc.’s holdings in Sempra Energy were worth $521,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock worth $107,000 after buying an additional 6 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock worth $150,000 after buying an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Sempra Energy during the first quarter worth $170,000. Signaturefd LLC bought a new stake in shares of Sempra Energy during the first quarter worth $201,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Sempra Energy by 265.1% in the first quarter. Pacific Center for Financial Services now owns 1,829 shares of the utilities provider’s stock worth $202,000 after buying an additional 1,328 shares during the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.
Sempra Energy (NYSE:SRE) opened at 115.61 on Friday. The firm’s 50-day moving average price is $113.47 and its 200-day moving average price is $111.20. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97. The company has a market capitalization of $29.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company posted $0.79 EPS. Sempra Energy’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts expect that Sempra Energy will post $5.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were given a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 2.85%. The ex-dividend date was Wednesday, July 5th. Sempra Energy’s dividend payout ratio (DPR) is presently 48.74%.
A number of analysts have recently weighed in on SRE shares. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS AG reiterated a “buy” rating and set a $128.00 price target (up from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a report on Thursday, June 8th. Finally, Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
About Sempra Energy
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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