APG Asset Management N.V. grew its stake in Sempra Energy (NYSE:SRE) by 4.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 463,762 shares of the utilities provider’s stock after buying an additional 20,300 shares during the quarter. APG Asset Management N.V. owned 0.18% of Sempra Energy worth $52,929,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. boosted its stake in shares of Sempra Energy by 14.1% in the 3rd quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock valued at $6,961,000 after buying an additional 8,165 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sempra Energy by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock worth $454,591,000 after acquiring an additional 80,131 shares in the last quarter. Watermark Asset Management Inc. acquired a new stake in shares of Sempra Energy during the 1st quarter worth about $411,000. Girard Partners LTD. raised its position in shares of Sempra Energy by 11.9% during the 2nd quarter. Girard Partners LTD. now owns 3,234 shares of the utilities provider’s stock worth $365,000 after acquiring an additional 343 shares in the last quarter. Finally, Timber Hill LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $1,104,000. Institutional investors and hedge funds own 80.58% of the company’s stock.
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Sempra Energy (NYSE SRE) traded down $0.25 on Friday, reaching $121.13. The company’s stock had a trading volume of 1,238,900 shares, compared to its average volume of 1,328,306. Sempra Energy has a one year low of $92.95 and a one year high of $121.70. The stock has a market capitalization of $30,413.08, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts anticipate that Sempra Energy will post 5.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were paid a $0.8225 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $3.29 annualized dividend and a yield of 2.72%. Sempra Energy’s payout ratio is currently 72.95%.
SRE has been the topic of several research analyst reports. BidaskClub lowered Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Bank of America Corporation started coverage on Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price target on the stock. J P Morgan Chase & Co lifted their price target on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.56.
Sempra Energy Company 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.
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