10,483 Shares of Sempra Energy $SRE Purchased by Greenleaf Trust

Greenleaf Trust purchased a new position in shares of Sempra Energy (NYSE:SRE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,483 shares of the utilities provider’s stock, valued at approximately $817,000.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Sempra Energy during the second quarter valued at approximately $5,588,577,000. Bank of America Corp DE boosted its position in Sempra Energy by 16.1% during the first quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after acquiring an additional 1,441,981 shares during the last quarter. Deutsche Bank AG purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $896,599,000. Legal & General Group Plc purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $538,775,000. Finally, Bank of New York Mellon Corp purchased a new stake in Sempra Energy in the 2nd quarter worth approximately $465,202,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

SRE has been the topic of a number of recent analyst reports. Weiss Ratings lowered Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They issued a “buy” rating for the company. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research set a $100.00 target price on Sempra Energy in a research report on Tuesday, October 20th. Finally, LADENBURG THALM/SH SH decreased their price target on Sempra Energy from $98.00 to $89.50 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Stock Down 3.0%

Shares of SRE opened at $82.79 on Thursday. The firm has a market cap of $54.13 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The company’s fifty day moving average is $82.28 and its two-hundred day moving average is $89.34. Sempra Energy has a fifty-two week low of $76.21 and a fifty-two week high of $101.04. The company has a quick ratio of 1.62, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Analysts forecast that Sempra Energy will post 5.13 earnings per share for the current year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, September 24th were given a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s payout ratio is 76.23%.

About Sempra Energy

Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.

Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.