Traders sold shares of Sempra Energy (NYSE:SRE) on strength during trading on Thursday. $26.63 million flowed into the stock on the tick-up and $50.13 million flowed out of the stock on the tick-down, for a money net flow of $23.50 million out of the stock. Of all equities tracked, Sempra Energy had the 13th highest net out-flow for the day. Sempra Energy traded up $1.00 for the day and closed at $110.51
A number of brokerages recently issued reports on SRE. Bank of America downgraded Sempra Energy from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a report on Thursday, December 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a $104.00 price target (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Sempra Energy in a report on Friday, February 23rd. Finally, Wells Fargo reiterated a “buy” rating and set a $120.00 target price (down previously from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $119.80.
The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $28,238.86, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 2.21 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. research analysts expect that Sempra Energy will post 5.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Friday, March 23rd will be paid a $0.895 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $3.58 annualized dividend and a dividend yield of 3.24%. This is an increase from Sempra Energy’s previous quarterly dividend of $0.82. Sempra Energy’s dividend payout ratio is presently 325.75%.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Sempra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock worth $2,205,919,000 after buying an additional 475,879 shares during the last quarter. Capital International Investors grew its stake in shares of Sempra Energy by 14.8% in the 3rd quarter. Capital International Investors now owns 11,467,602 shares of the utilities provider’s stock worth $1,308,797,000 after buying an additional 1,474,282 shares during the last quarter. Parnassus Investments CA grew its stake in shares of Sempra Energy by 22.1% in the 4th quarter. Parnassus Investments CA now owns 4,398,413 shares of the utilities provider’s stock worth $470,278,000 after buying an additional 796,352 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sempra Energy by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,656,308 shares of the utilities provider’s stock worth $283,424,000 after buying an additional 85,865 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Sempra Energy by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,559,513 shares of the utilities provider’s stock worth $273,662,000 after buying an additional 199,223 shares during the last quarter. Institutional investors own 82.42% of the company’s stock.
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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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