Sempra Energy (NYSE:SRE) Stake Maintained by UMB Bank N A MO
UMB Bank N A MO maintained its position in Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The firm owned 9,323 shares of the utilities provider’s stock at the end of the second quarter. UMB Bank N A MO’s holdings in Sempra Energy were worth $1,051,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $20,782,000 after buying an additional 8,032 shares during the period. Bank of Montreal Can increased its position in Sempra Energy by 5.0% in the first quarter. Bank of Montreal Can now owns 278,344 shares of the utilities provider’s stock valued at $30,757,000 after buying an additional 13,351 shares during the period. Alpha Windward LLC increased its position in Sempra Energy by 1.6% in the first quarter. Alpha Windward LLC now owns 1,918 shares of the utilities provider’s stock valued at $212,000 after buying an additional 31 shares during the period. Parametrica Management Ltd acquired a new position in Sempra Energy during the first quarter valued at approximately $312,000. Finally, Americafirst Capital Management LLC acquired a new position in Sempra Energy during the first quarter valued at approximately $489,000. Institutional investors and hedge funds own 80.51% of the company’s stock.
Shares of Sempra Energy (NYSE SRE) opened at 115.61 on Friday. The firm has a market capitalization of $29.03 billion, a P/E ratio of 17.10 and a beta of 0.54. The firm’s 50-day moving average is $113.47 and its 200-day moving average is $111.20. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.79 EPS. Equities analysts anticipate that Sempra Energy will post $5.19 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were issued a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s payout ratio is presently 48.74%.
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Several equities analysts recently commented on SRE shares. UBS AG restated a “buy” rating and issued a $128.00 price target (up from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. Morgan Stanley decreased their price target on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 28th. BMO Capital Markets restated a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a research note on Wednesday, May 10th. 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 note on Thursday, June 8th. Finally, BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sempra Energy presently has a consensus rating of “Buy” and a consensus price target of $121.00.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction 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 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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