Signaturefd LLC Raises Holdings in Sempra Energy (SRE)

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Signaturefd LLC grew its holdings in shares of Sempra Energy (NYSE:SRE) by 191.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,603 shares of the utilities provider’s stock after purchasing an additional 1,053 shares during the quarter. Signaturefd LLC’s holdings in Sempra Energy were worth $186,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after buying an additional 460 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock worth $4,813,000 after buying an additional 496 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of Sempra Energy by 11.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock worth $552,000 after buying an additional 496 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Sempra Energy by 7.3% in the first quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock worth $828,000 after buying an additional 504 shares in the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of Sempra Energy by 16.8% in the second quarter. BB&T Securities LLC now owns 3,616 shares of the utilities provider’s stock worth $419,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

SRE has been the topic of a number of recent analyst reports. Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Monday, May 21st. JPMorgan Chase & Co. lowered their target price on shares of Sempra Energy from $112.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, June 4th. ValuEngine raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Wells Fargo & Co downgraded shares of Sempra Energy from an “outperform” rating to a “market perform” rating and raised their target price for the company from $118.00 to $123.00 in a research note on Tuesday, June 12th. Finally, Bank of America raised their target price on shares of Sempra Energy from $111.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, June 12th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sempra Energy has a consensus rating of “Buy” and an average target price of $123.22.

Shares of SRE opened at $118.73 on Friday. The company has a market capitalization of $32.21 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.73 and a beta of 0.39. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $127.22.

Sempra Energy (NYSE:SRE) last announced its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.17. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. Sempra Energy’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. analysts anticipate that Sempra Energy will post 5.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 20th. Sempra Energy’s dividend payout ratio is currently 66.05%.

About Sempra Energy

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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

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