Mutual of America Capital Management LLC Acquires 5,476 Shares of Sempra Energy (SRE)
Mutual of America Capital Management LLC lifted its holdings in Sempra Energy (NYSE:SRE) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,950 shares of the utilities provider’s stock after buying an additional 5,476 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sempra Energy were worth $6,534,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after buying an additional 202 shares during the period. Guardian Life Insurance Co. of America grew its position in shares of Sempra Energy by 0.6% in the 1st 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 period. Grove Bank & Trust grew its position in shares of Sempra Energy by 38.3% in the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after buying an additional 286 shares during the period. Parallel Advisors LLC grew its position in shares of Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after buying an additional 436 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Sempra Energy in the 1st quarter worth about $170,000. 80.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sempra Energy (SRE) traded up 0.13% during trading on Wednesday, reaching $117.73. 64,276 shares of the company were exchanged. The firm’s 50 day moving average is $117.61 and its 200 day moving average is $113.75. The firm has a market capitalization of $29.56 billion, a P/E ratio of 17.41 and a beta of 0.55. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Sempra Energy will post $5.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be paid a $0.8225 dividend. The ex-dividend date is Thursday, September 21st. This represents a $3.29 annualized dividend and a yield of 2.80%. Sempra Energy’s dividend payout ratio (DPR) is presently 48.74%.
A number of research firms have recently weighed in on SRE. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley upped their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Barclays PLC downgraded shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a research report on Thursday, June 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $121.00.
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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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