Mutual of America Capital Management LLC Acquires 11,901 Shares of Sempra Energy (SRE)

Mutual of America Capital Management LLC boosted its holdings in Sempra Energy (NYSE:SRE) by 20.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,851 shares of the utilities provider’s stock after buying an additional 11,901 shares during the period. Mutual of America Capital Management LLC’s holdings in Sempra Energy were worth $7,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SRE. Bronfman E.L. Rothschild L.P. grew its stake in Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after buying an additional 202 shares in the last quarter. Grove Bank & Trust grew its stake in Sempra Energy by 38.3% in the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares in the last quarter. WESPAC Advisors SoCal LLC grew its stake in Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares in the last quarter. Parallel Advisors LLC grew its stake in Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Sempra Energy in the 1st quarter valued at approximately $170,000. Institutional investors and hedge funds own 80.64% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Mutual of America Capital Management LLC Acquires 11,901 Shares of Sempra Energy (SRE)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/mutual-of-america-capital-management-llc-acquires-11901-shares-of-sempra-energy-sre.html.

SRE has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. J P Morgan Chase & Co reduced their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Goldman Sachs Group Inc upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.22.

Sempra Energy (NYSE:SRE) traded up 0.04% on Friday, hitting $114.13. 1,235,509 shares of the stock were exchanged. The company has a 50-day moving average of $115.83 and a 200 day moving average of $114.36. The firm has a market cap of $28.66 billion, a P/E ratio of 16.88 and a beta of 0.55. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $120.17.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Equities research analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.

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A number of other institutional investors have also added to or reduced their stakes in SRE. Bronfman E.L. Rothschild L.P. grew its stake in Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after buying an additional 202 shares in the last quarter. Grove Bank & Trust grew its stake in Sempra Energy by 38.3% in the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares in the last quarter. WESPAC Advisors SoCal LLC grew its stake in Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares in the last quarter. Parallel Advisors LLC grew its stake in Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Sempra Energy in the 1st quarter valued at approximately $170,000. Institutional investors and hedge funds own 80.64% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Mutual of America Capital Management LLC Acquires 11,901 Shares of Sempra Energy (SRE)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/21/mutual-of-america-capital-management-llc-acquires-11901-shares-of-sempra-energy-sre.html.

SRE has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. J P Morgan Chase & Co reduced their price objective on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Goldman Sachs Group Inc upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $124.22.

Sempra Energy (NYSE:SRE) traded up 0.04% on Friday, hitting $114.13. 1,235,509 shares of the stock were exchanged. The company has a 50-day moving average of $115.83 and a 200 day moving average of $114.36. The firm has a market cap of $28.66 billion, a P/E ratio of 16.88 and a beta of 0.55. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $120.17.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Equities research analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd were given a dividend of $0.8225 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. Sempra Energy’s payout ratio is 48.74%.

Sempra Energy Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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