Alliancebernstein L.P. Has $44.74 Million Stake in Sempra Energy (SRE)
Alliancebernstein L.P. lessened its holdings in shares of Sempra Energy (NYSE:SRE) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 396,824 shares of the utilities provider’s stock after selling 4,073 shares during the period. Alliancebernstein L.P. owned approximately 0.16% of Sempra Energy worth $44,742,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of SRE. UBS Asset Management Americas Inc. lifted its holdings in shares of Sempra Energy by 10.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 774,079 shares of the utilities provider’s stock valued at $85,536,000 after purchasing an additional 71,151 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Sempra Energy by 30.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,670 shares of the utilities provider’s stock worth $2,947,000 after acquiring an additional 6,295 shares during the last quarter. Toronto Dominion Bank raised its stake in Sempra Energy by 56.9% in the 1st quarter. Toronto Dominion Bank now owns 67,467 shares of the utilities provider’s stock worth $7,454,000 after acquiring an additional 24,455 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Sempra Energy by 1.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 394,005 shares of the utilities provider’s stock worth $43,538,000 after acquiring an additional 5,299 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC purchased a new position in Sempra Energy in the 1st quarter worth $392,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.
Sempra Energy (SRE) opened at 119.29 on Friday. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $120.17. The stock has a market cap of $29.95 billion, a price-to-earnings ratio of 17.64 and a beta of 0.55. The company has a 50-day moving average price of $117.35 and a 200-day moving average price of $113.58.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $0.79 earnings per share. Sempra Energy’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Sempra Energy will post $5.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 22nd will be given a $0.8225 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a yield of 2.76%. Sempra Energy’s dividend payout ratio (DPR) is presently 48.74%.
A number of equities analysts recently issued reports on the company. Morgan Stanley raised their target price on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a research note on Thursday, June 8th. Finally, Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $121.00.
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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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