Sempra Energy $SRE Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in Sempra Energy (NYSE:SRE) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,110 shares of the utilities provider’s stock after purchasing an additional 6,610 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Sempra Energy were worth $22,347,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Empowered Funds LLC raised its holdings in Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after buying an additional 6,196 shares during the period. Woodline Partners LP boosted its stake in Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after buying an additional 15,474 shares during the period. American Century Companies Inc. increased its position in shares of Sempra Energy by 2.8% during the second quarter. American Century Companies Inc. now owns 143,208 shares of the utilities provider’s stock valued at $10,851,000 after acquiring an additional 3,866 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Sempra Energy during the second quarter valued at about $46,000. Finally, Fisher Asset Management LLC purchased a new stake in shares of Sempra Energy in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Up 0.6%

Shares of SRE opened at $97.18 on Wednesday. The stock has a market capitalization of $63.49 billion, a PE ratio of 35.21, a P/E/G ratio of 3.66 and a beta of 0.73. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $97.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.57 and a current ratio of 1.59. The company’s 50-day simple moving average is $92.11 and its 200-day simple moving average is $90.79.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, February 26th. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.82 billion. Sempra Energy had a net margin of 13.27% and a return on equity of 8.22%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, March 19th will be given a $0.6575 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $2.63 annualized dividend and a yield of 2.7%. This is a boost from Sempra Energy’s previous quarterly dividend of $0.65. Sempra Energy’s dividend payout ratio is 95.29%.

Insiders Place Their Bets

In other Sempra Energy news, Director Jennifer M. Kirk purchased 1,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $93.44 per share, for a total transaction of $93,440.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at approximately $93,440. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cynthia J. Warner acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $92.95 per share, for a total transaction of $232,375.00. Following the transaction, the director directly owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. This trade represents a 28.49% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 6,192 shares of company stock valued at $576,979. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SRE. UBS Group restated a “neutral” rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 4th. Morgan Stanley restated an “overweight” rating and set a $101.00 price target on shares of Sempra Energy in a research note on Friday, February 20th. Finally, Wells Fargo & Company raised their price target on Sempra Energy from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.73.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.