Ballentine Partners LLC Has $513,000 Stake in Sempra Energy (SRE)
Ballentine Partners LLC lifted its stake in Sempra Energy (NYSE:SRE) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,497 shares of the utilities provider’s stock after buying an additional 742 shares during the period. Ballentine Partners LLC’s holdings in Sempra Energy were worth $513,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Sempra Energy by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 405,857 shares of the utilities provider’s stock valued at $44,846,000 after purchasing an additional 8,145 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Sempra Energy in the first quarter valued at about $170,000. Bank of Montreal Can boosted its holdings in Sempra Energy by 0.8% in the second quarter. Bank of Montreal Can now owns 280,474 shares of the utilities provider’s stock valued at $31,623,000 after purchasing an additional 2,130 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Sempra Energy by 5.4% in the second quarter. State of Alaska Department of Revenue now owns 8,946 shares of the utilities provider’s stock valued at $1,008,000 after purchasing an additional 455 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Sempra Energy by 517.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 39,086 shares of the utilities provider’s stock valued at $4,407,000 after purchasing an additional 32,751 shares during the last quarter. 80.58% of the stock is owned by institutional investors.
Sempra Energy (NYSE SRE) traded down $0.25 on Friday, reaching $121.13. The company had a trading volume of 1,238,900 shares, compared to its average volume of 1,328,306. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $121.70. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96. The firm has a market cap of $30,413.08, a PE ratio of 22.43, a P/E/G ratio of 2.66 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last posted its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the firm earned $1.02 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. equities analysts predict that Sempra Energy will post 5.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were given a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 21st. Sempra Energy’s dividend payout ratio is currently 72.95%.
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SRE has been the subject of a number of analyst reports. Bank of America Corporation started coverage on Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded Sempra Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. J P Morgan Chase & Co cut their price objective on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. Finally, Wells Fargo & Company cut their price objective on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sempra Energy has an average rating of “Buy” and an average price target of $124.56.
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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