Sempra Energy (SRE) Holdings Boosted by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd boosted its position in Sempra Energy (NYSE:SRE) by 314.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,418 shares of the utilities provider’s stock after buying an additional 13,970 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Sempra Energy were worth $2,077,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of SRE. UBS Asset Management Americas Inc. lifted its holdings in Sempra Energy by 10.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 774,079 shares of the utilities provider’s stock worth $85,536,000 after buying an additional 71,151 shares in the last quarter. Destination Wealth Management acquired a new position in Sempra Energy in the 1st quarter worth $250,000. Karp Capital Management Corp acquired a new position in Sempra Energy in the 1st quarter worth $11,938,000. Neuburgh Advisers LLC lifted its holdings in Sempra Energy by 15.8% in the 1st quarter. Neuburgh Advisers LLC now owns 7,718 shares of the utilities provider’s stock worth $853,000 after buying an additional 1,054 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in Sempra Energy by 2.0% in the 1st quarter. First Personal Financial Services now owns 3,789 shares of the utilities provider’s stock worth $419,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 81.20% of the company’s stock.
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A number of equities analysts have commented on the stock. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a report on Thursday, June 8th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley boosted their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and a consensus price target of $121.00.
Shares of Sempra Energy (NYSE:SRE) opened at 118.12 on Thursday. The company has a market capitalization of $29.66 billion, a P/E ratio of 17.47 and a beta of 0.55. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company’s 50 day moving average is $116.85 and its 200 day moving average is $113.43.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $0.79 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be issued a $0.8225 dividend. The ex-dividend date is Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.79%. Sempra Energy’s dividend payout ratio (DPR) is presently 48.74%.
Sempra Energy 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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