8,133 Shares in Sempra Energy (SRE) Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC bought a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,133 shares of the utilities provider’s stock, valued at approximately $928,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. grew its position in Sempra Energy by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 5,766 shares of the utilities provider’s stock valued at $651,000 after buying an additional 266 shares during the last quarter. Beach Investment Management LLC. grew its position in Sempra Energy by 959.7% in the 2nd quarter. Beach Investment Management LLC. now owns 125,148 shares of the utilities provider’s stock valued at $14,110,000 after buying an additional 113,338 shares during the last quarter. Global X Management Co. LLC grew its position in Sempra Energy by 13.2% in the 2nd quarter. Global X Management Co. LLC now owns 2,481 shares of the utilities provider’s stock valued at $280,000 after buying an additional 289 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Sempra Energy by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 835,703 shares of the utilities provider’s stock valued at $94,226,000 after buying an additional 38,379 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in Sempra Energy by 78.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,365 shares of the utilities provider’s stock valued at $830,000 after buying an additional 3,228 shares during the last quarter. Institutional investors and hedge funds own 80.62% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. J P Morgan Chase & Co lifted their price objective on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Bank of America assumed coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective on the stock. Goldman Sachs Group 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 report on Wednesday, October 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $124.56.

Shares of Sempra Energy (NYSE:SRE) opened at $116.53 on Friday. The company has a market cap of $29,069.77, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61. Sempra Energy has a 1 year low of $99.71 and a 1 year high of $122.97. 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 issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 EPS. sell-side analysts predict that Sempra Energy will post 5.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.82%. Sempra Energy’s dividend payout ratio (DPR) is presently 72.95%.

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About Sempra Energy

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

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