Asset Management One Co. Ltd. Has $22.39 Million Stock Position in Sempra Energy (NYSE:SRE)

Asset Management One Co. Ltd. boosted its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 313,788 shares of the utilities provider's stock after buying an additional 19,264 shares during the period. Asset Management One Co. Ltd.'s holdings in Sempra Energy were worth $22,392,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new stake in Sempra Energy during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in Sempra Energy during the 4th quarter worth approximately $29,000. Synergy Investment Management LLC bought a new position in shares of Sempra Energy during the 4th quarter worth approximately $29,000. TCTC Holdings LLC grew its stake in shares of Sempra Energy by 265.2% during the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider's stock worth $29,000 after acquiring an additional 244 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of Sempra Energy during the 4th quarter worth approximately $30,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SRE. BMO Capital Markets raised their price target on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Mizuho decreased their price target on shares of Sempra Energy from $92.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Argus cut shares of Sempra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Citigroup decreased their price target on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their target price on shares of Sempra Energy from $88.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Sempra Energy currently has an average rating of "Moderate Buy" and an average target price of $80.83.

Sempra Energy Trading Down 1.3%

Shares of Sempra Energy stock opened at $75.10 on Thursday. The business has a fifty day simple moving average of $75.56 and a two-hundred day simple moving average of $77.49. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.51.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.12. Sempra Energy had a return on equity of 8.55% and a net margin of 22.15%. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. Research analysts forecast that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, June 26th will be paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 26th. Sempra Energy's dividend payout ratio (DPR) is presently 56.70%.

Insider Activity at Sempra Energy

In other news, EVP Justin Christopher Bird sold 4,817 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $71.23, for a total value of $343,114.91. Following the completion of the transaction, the executive vice president now owns 19,778 shares of the company's stock, valued at approximately $1,408,786.94. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diana L. Day sold 8,015 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $74.26, for a total transaction of $595,193.90. Following the completion of the transaction, the insider now directly owns 16,969 shares of the company's stock, valued at $1,260,117.94. This trade represents a 32.08% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Sempra Energy Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.

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