Louisiana State Employees Retirement System grew its stake in Sempra Energy (NYSE:SRE) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the utilities provider’s stock after purchasing an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sempra Energy were worth $1,820,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD raised its stake in Sempra Energy by 1.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after buying an additional 460 shares during the period. Gateway Investment Advisers LLC raised its stake in Sempra Energy by 4.1% during the 3rd quarter. Gateway Investment Advisers LLC now owns 11,582 shares of the utilities provider’s stock worth $1,317,000 after buying an additional 461 shares during the period. Gradient Investments LLC raised its stake in Sempra Energy by 6.2% during the 3rd quarter. Gradient Investments LLC now owns 8,315 shares of the utilities provider’s stock worth $946,000 after buying an additional 488 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Sempra Energy by 1.2% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock worth $4,813,000 after buying an additional 496 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in Sempra Energy by 11.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock worth $552,000 after buying an additional 496 shares during the period. 88.25% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Wells Fargo & Co set a $129.00 price objective on Sempra Energy and gave the stock a “buy” rating in a research note on Monday, September 17th. Morgan Stanley raised their price objective on Sempra Energy from $120.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Bank of America raised their price objective on Sempra Energy from $118.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Argus raised their price objective on Sempra Energy to $130.00 and gave the stock a “buy” rating in a research note on Monday, July 9th. Finally, JPMorgan Chase & Co. set a $110.00 target price on Sempra Energy and gave the stock a “hold” rating in a report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sempra Energy currently has an average rating of “Buy” and a consensus target price of $123.25.

Shares of NYSE SRE opened at $115.76 on Wednesday. The stock has a market capitalization of $31.11 billion, a PE ratio of 21.36, a P/E/G ratio of 2.64 and a beta of 0.39. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $127.22.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The company had revenue of $2.56 billion during 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%. Sempra Energy’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. As a group, sell-side analysts forecast that Sempra Energy will post 5.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 21st were issued a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, September 20th. Sempra Energy’s payout ratio is 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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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