Hohimer Wealth Management LLC lifted its position in Sempra Energy (NYSE:SRE - Free Report) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,400 shares of the utilities provider's stock after acquiring an additional 7,696 shares during the quarter. Sempra Energy accounts for 0.9% of Hohimer Wealth Management LLC's portfolio, making the stock its 29th largest position. Hohimer Wealth Management LLC's holdings in Sempra Energy were worth $4,667,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sempra Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 63,018,055 shares of the utilities provider's stock worth $5,527,944,000 after purchasing an additional 490,269 shares during the last quarter. Wellington Management Group LLP increased its stake in Sempra Energy by 11.9% in the 4th quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider's stock worth $3,369,076,000 after buying an additional 4,082,261 shares during the period. FMR LLC lifted 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 valued at $1,797,376,000 after buying an additional 1,511,313 shares in the last quarter. Norges Bank purchased a new stake in Sempra Energy in the 4th quarter valued at about $1,535,000,000. Finally, Geode Capital Management LLC grew its stake in Sempra Energy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 13,072,966 shares of the utilities provider's stock worth $1,143,248,000 after acquiring an additional 311,094 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SRE has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. Argus cut Sempra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Morgan Stanley restated an "overweight" rating and set a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. BMO Capital Markets upped their price objective 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. Finally, Barclays set a $71.00 target price on shares of Sempra Energy and gave the company an "equal weight" rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.75.
Get Our Latest Report on SRE
Insiders Place Their Bets
In related news, insider Diana L. Day sold 8,015 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total value of $595,193.90. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.27% of the company's stock.
Sempra Energy Stock Up 0.0%
Shares of Sempra Energy stock traded up $0.02 on Monday, reaching $74.58. The stock had a trading volume of 2,345,911 shares, compared to its average volume of 4,766,375. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $48.62 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.01 and a beta of 0.63. The company has a 50 day moving average price of $75.91 and a 200 day moving average price of $76.30. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77.
Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share (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 business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the company earned $1.34 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that Sempra Energy will post 4.76 EPS for the current year.
Sempra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 3.46%. The ex-dividend date of this dividend is Thursday, June 26th. Sempra Energy's dividend payout ratio (DPR) is presently 56.70%.
About Sempra Energy
(
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.
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