Sempra Energy (SRE) Shares Bought by Peapack Gladstone Financial Corp
Peapack Gladstone Financial Corp boosted its stake in Sempra Energy (NYSE:SRE) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,080 shares of the utilities provider’s stock after purchasing an additional 65 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Sempra Energy were worth $460,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SRE. AXA lifted its stake in Sempra Energy by 2.1% in the 1st quarter. AXA now owns 237,224 shares of the utilities provider’s stock worth $26,214,000 after purchasing an additional 4,924 shares in the last quarter. LMR Partners LLP purchased a new stake in Sempra Energy in the 1st quarter worth $495,000. Van ECK Associates Corp lifted its stake in Sempra Energy by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 2,157 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 329 shares in the last quarter. United Services Automobile Association lifted its stake in Sempra Energy by 9.6% in the 1st quarter. United Services Automobile Association now owns 104,707 shares of the utilities provider’s stock worth $11,570,000 after purchasing an additional 9,131 shares in the last quarter. Finally, HCR Wealth Advisors lifted its stake in Sempra Energy by 0.3% in the 1st quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) traded down 0.06% during mid-day trading on Friday, hitting $111.95. 1,373,032 shares of the stock traded hands. The firm has a 50 day moving average of $117.02 and a 200 day moving average of $114.15. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $120.17. The company has a market cap of $28.11 billion, a P/E ratio of 16.56 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. Sempra Energy’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. Equities analysts anticipate that Sempra Energy will post $5.23 EPS for the current fiscal year.
The firm 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 dividend of $0.8225 per share. The ex-dividend date is Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a yield of 2.94%. Sempra Energy’s payout ratio is presently 48.74%.
Several analysts have commented on SRE shares. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley upped their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.67.
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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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