DekaBank Deutsche Girozentrale increased its position in Sempra Energy (NYSE:SRE - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,355,981 shares of the utilities provider's stock after buying an additional 23,097 shares during the period. DekaBank Deutsche Girozentrale owned 0.36% of Sempra Energy worth $164,003,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SRE. Prudent Man Investment Management Inc. purchased a new position in shares of Sempra Energy during the fourth quarter worth approximately $26,000. TCTC Holdings LLC grew its position in 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 purchasing an additional 244 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Sempra Energy in the fourth quarter valued at approximately $29,000. Mattson Financial Services LLC purchased a new stake in Sempra Energy in the fourth quarter valued at $30,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Sempra Energy in the first quarter valued at $38,000. Hedge funds and other institutional investors own 89.65% of the company's stock.
Sempra Energy Trading Up 0.1%
SRE traded up $0.07 during trading hours on Wednesday, reaching $74.39. The company's stock had a trading volume of 1,191,347 shares, compared to its average volume of 3,857,986. The business's 50-day moving average is $75.92 and its 200-day moving average is $76.65. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a market cap of $48.49 billion, a PE ratio of 16.34, a P/E/G ratio of 2.00 and a beta of 0.63.
Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.32 by $0.12. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the business posted $1.34 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Sempra Energy will post 4.76 earnings per share for the current fiscal year.
Sempra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be given a dividend of $0.645 per share. The ex-dividend date is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.47%. Sempra Energy's dividend payout ratio is presently 56.70%.
Analyst Ratings Changes
SRE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Citigroup decreased their target price on Sempra Energy from $93.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group decreased their price objective on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Argus lowered shares of Sempra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.83.
Get Our Latest Analysis on Sempra Energy
Insider Activity
In other news, insider Diana L. Day sold 8,015 shares of the stock in a transaction on 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 in the company, valued at approximately $1,260,117.94. This trade represents a 32.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.
Sempra Energy Company Profile
(
Free Report)
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.
See Also
Before you consider Sempra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sempra Energy wasn't on the list.
While Sempra Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
