Legal & General Group Plc lifted its position in Sempra Energy (NYSE:SRE - Free Report) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,303,950 shares of the utilities provider's stock after buying an additional 374,619 shares during the period. Legal & General Group Plc owned approximately 0.97% of Sempra Energy worth $567,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Sempra Energy by 52.5% in the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider's stock valued at $1,285,000 after acquiring an additional 6,196 shares during the last quarter. Woodline Partners LP grew its stake in shares of Sempra Energy by 40.7% during the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider's stock valued at $3,819,000 after buying an additional 15,474 shares during the last quarter. Ignite Planners LLC increased its stake in Sempra Energy by 3.1% in the second quarter. Ignite Planners LLC now owns 12,396 shares of the utilities provider's stock worth $970,000 after purchasing an additional 371 shares during the period. Savant Capital LLC increased its position in shares of Sempra Energy by 4.1% during the second quarter. Savant Capital LLC now owns 8,743 shares of the utilities provider's stock worth $662,000 after acquiring an additional 344 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Sempra Energy by 34.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,537 shares of the utilities provider's stock worth $116,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 89.65% of the company's stock.
Insiders Place Their Bets
In other news, CFO Karen L. Sedgwick sold 4,872 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $92.58, for a total transaction of $451,049.76. Following the sale, the chief financial officer owned 39,029 shares of the company's stock, valued at approximately $3,613,304.82. This trade represents a 11.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by corporate insiders.
Sempra Energy Price Performance
NYSE:SRE opened at $92.97 on Wednesday. Sempra Energy has a one year low of $61.90 and a one year high of $97.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.57 and a current ratio of 1.59. The stock has a 50 day moving average price of $90.45 and a 200 day moving average price of $89.43. The stock has a market cap of $60.74 billion, a PE ratio of 33.69, a P/E/G ratio of 3.50 and a beta of 0.73.
Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.82 billion. Sempra Energy had a return on equity of 8.22% and a net margin of 13.27%.The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. Equities research analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.
Sempra Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, March 19th will be paid a $0.6575 dividend. This is an increase from Sempra Energy's previous quarterly dividend of $0.65. This represents a $2.63 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, March 19th. Sempra Energy's payout ratio is presently 95.29%.
Analysts Set New Price Targets
Several research analysts have recently commented on SRE shares. Barclays set a $95.00 price target on Sempra Energy and gave the stock an "overweight" rating in a research report on Tuesday, February 3rd. Argus raised shares of Sempra Energy from a "hold" rating to a "buy" rating in a report on Wednesday, March 4th. Citigroup restated a "neutral" rating and issued a $99.00 price objective (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research report on Wednesday, January 21st. Finally, UBS Group reiterated a "neutral" rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.00.
View Our Latest Research Report on SRE
Sempra Energy Profile
(
Free Report)
Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.
The company's product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.
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