10,483 Shares in Sempra Energy $SRE Bought by Greenleaf Trust

Greenleaf Trust acquired a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,483 shares of the utilities provider’s stock, valued at approximately $817,000.

Several other large investors have also recently bought and sold shares of SRE. Pure Financial Advisors LLC acquired a new position in Sempra Energy during the second quarter worth about $4,555,000. Carnegie Investment Counsel lifted its position in shares of Sempra Energy by 15.5% during the 1st quarter. Carnegie Investment Counsel now owns 167,391 shares of the utilities provider’s stock valued at $16,265,000 after acquiring an additional 22,408 shares during the period. Magellan Asset Management Ltd boosted its stake in shares of Sempra Energy by 4.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,258,369 shares of the utilities provider’s stock worth $219,446,000 after acquiring an additional 91,519 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Sempra Energy by 16.1% during the 1st quarter. Bank of America Corp DE now owns 10,385,174 shares of the utilities provider’s stock worth $1,009,127,000 after acquiring an additional 1,441,981 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Sempra Energy by 7.1% in the 1st quarter. Swiss National Bank now owns 1,915,400 shares of the utilities provider’s stock worth $186,119,000 after acquiring an additional 127,400 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Down 3.0%

SRE stock opened at $82.79 on Thursday. The company’s 50 day simple moving average is $82.28 and its 200-day simple moving average is $89.34. The firm has a market capitalization of $54.13 billion, a PE ratio of 24.00, a P/E/G ratio of 2.35 and a beta of 0.55. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.62.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Equities analysts expect that Sempra Energy will post 5.13 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s payout ratio is 76.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded Sempra Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. HSBC started coverage on Sempra Energy in a research report on Thursday, October 22nd. They set a “buy” rating and a $97.50 target price on the stock. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Mizuho cut Sempra Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $104.00 to $84.00 in a research report on Monday, August 31st. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.53.

Sempra Energy Company Profile

Sempra is an energy infrastructure company headquartered in San Diego, California. Through its regulated utility businesses, the company provides natural gas and electric service to customers in California, including through Southern California Gas Company and San Diego Gas & Electric Company.

Sempra also develops, owns, and operates energy infrastructure in North America. Its activities include natural gas pipelines and storage, liquefied natural gas infrastructure, renewable energy and battery storage projects, and electric transmission and distribution assets.