First American Trust FSB Raises Stake in Sempra Energy (SRE)
First American Trust FSB grew its position in Sempra Energy (NYSE:SRE) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,023 shares of the utilities provider’s stock after purchasing an additional 1,601 shares during the period. First American Trust FSB’s holdings in Sempra Energy were worth $3,852,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of SRE. WESPAC Advisors SoCal LLC raised its holdings in Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 9 shares in the last quarter. Chartist Inc. CA raised its holdings in Sempra Energy by 0.4% during the second quarter. Chartist Inc. CA now owns 2,885 shares of the utilities provider’s stock worth $325,000 after acquiring an additional 11 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in Sempra Energy by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 4,549 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 44 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in Sempra Energy by 1.6% during the second quarter. Peapack Gladstone Financial Corp now owns 4,080 shares of the utilities provider’s stock worth $460,000 after acquiring an additional 65 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. raised its holdings in Sempra Energy by 0.5% during the second quarter. Laurel Wealth Advisors Inc. now owns 14,125 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 80.47% of the company’s stock.
SRE has been the topic of several analyst reports. Goldman Sachs Group upgraded Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $117.00 to $129.00 in a report on Wednesday, October 11th. Bank of America initiated coverage on Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. Wells Fargo & Co reiterated a “buy” rating and set a $121.00 target price (down previously from $130.00) on shares of Sempra Energy in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $122.33.
Sempra Energy (NYSE:SRE) opened at $107.19 on Thursday. The firm has a market capitalization of $26,910.00, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96. Sempra Energy has a 12-month low of $99.71 and a 12-month high of $122.97.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. equities analysts forecast that Sempra Energy will post 5.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is presently 72.95%.
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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