Bank of New York Mellon Corp Has $368.81 Million Holdings in Sempra Energy (NYSE:SRE)

Bank of New York Mellon Corp boosted its stake in Sempra Energy (NYSE:SRE - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,168,360 shares of the utilities provider's stock after purchasing an additional 25,254 shares during the period. Bank of New York Mellon Corp owned about 0.79% of Sempra Energy worth $368,814,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Sempra Energy in the fourth quarter valued at about $1,535,000,000. Wellington Management Group LLP boosted its holdings in Sempra Energy by 11.9% in the fourth quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider's stock valued at $3,369,076,000 after acquiring an additional 4,082,261 shares during the last quarter. Invesco Ltd. increased its position in Sempra Energy by 70.6% during the 4th quarter. Invesco Ltd. now owns 6,666,240 shares of the utilities provider's stock valued at $584,763,000 after purchasing an additional 2,758,037 shares during the period. Janus Henderson Group PLC increased its position in Sempra Energy by 71.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,651,923 shares of the utilities provider's stock valued at $408,069,000 after purchasing an additional 1,936,865 shares during the period. Finally, FMR LLC raised its holdings in Sempra Energy by 8.0% during the 4th quarter. FMR LLC now owns 20,489,918 shares of the utilities provider's stock worth $1,797,376,000 after purchasing an additional 1,511,313 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Insider Transactions at Sempra Energy

In related news, insider Diana L. Day sold 8,015 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $74.26, for a total value of $595,193.90. Following the sale, the insider directly owned 16,969 shares of the company's stock, valued at $1,260,117.94. This trade represents a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SRE. Morgan Stanley reissued an "overweight" rating and set a $88.00 target price (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. Citigroup decreased their price target on Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Argus lowered Sempra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company cut their target price on Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, BMO Capital Markets raised their target price on Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.83.

Sempra Energy Stock Up 1.0%

SRE opened at $75.55 on Monday. The company has a market cap of $49.25 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.63. The company has a 50 day moving average of $75.97 and a 200 day moving average of $76.75. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

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, beating analysts' consensus estimates of $1.32 by $0.12. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.90 billion. Sempra Energy had a return on equity of 8.55% and a net margin of 22.15%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS. On average, sell-side analysts expect 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 given a dividend of $0.645 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $2.58 annualized dividend and a yield of 3.42%. Sempra Energy's payout ratio is 56.70%.

About Sempra Energy

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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