Vident Investment Advisory LLC Has $1.25 Million Stake in Sempra Energy (SRE)
Vident Investment Advisory LLC lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 30.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,749 shares of the utilities provider’s stock after buying an additional 2,525 shares during the period. Vident Investment Advisory LLC’s holdings in Sempra Energy were worth $1,248,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Sempra Energy by 191.5% during the second quarter. Signaturefd LLC now owns 1,603 shares of the utilities provider’s stock worth $186,000 after buying an additional 1,053 shares during the period. Macquarie Group Ltd. lifted its position in Sempra Energy by 4.4% in the second quarter. Macquarie Group Ltd. now owns 1,405,699 shares of the utilities provider’s stock worth $163,217,000 after purchasing an additional 59,400 shares during the period. Cubist Systematic Strategies LLC lifted its position in Sempra Energy by 222.2% in the second quarter. Cubist Systematic Strategies LLC now owns 9,449 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 6,516 shares during the period. Point72 Hong Kong Ltd lifted its position in Sempra Energy by 1,168.4% in the second quarter. Point72 Hong Kong Ltd now owns 5,467 shares of the utilities provider’s stock worth $635,000 after purchasing an additional 5,036 shares during the period. Finally, Clearline Capital LP acquired a new stake in Sempra Energy in the second quarter worth approximately $479,000. Institutional investors and hedge funds own 88.22% of the company’s stock.
A number of research firms have weighed in on SRE. Bank of America upped their target price on Sempra Energy from $111.00 to $118.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 12th. Argus upped their target price on Sempra Energy to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. Morgan Stanley restated an “equal weight” rating on shares of Sempra Energy in a research report on Friday, August 17th. JPMorgan Chase & Co. set a $110.00 target price on Sempra Energy and gave the stock a “hold” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co downgraded Sempra Energy from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $118.00 to $123.00 in a research report on Tuesday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus target price of $123.33.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. analysts predict that Sempra Energy will post 5.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 21st will be issued a $0.895 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $3.58 annualized dividend and a dividend yield of 3.01%. Sempra Energy’s dividend payout ratio is currently 66.05%.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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