Candriam Luxembourg S.C.A. increased its position in shares of Sempra Energy (NYSE:SRE) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,101 shares of the company’s stock after buying an additional 1,568 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Sempra Energy were worth $1,038,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SRE. Retirement Systems of Alabama boosted its position in shares of Sempra Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 120,837 shares of the company’s stock worth $13,778,000 after buying an additional 911 shares during the last quarter. UMB Bank N A MO boosted its position in shares of Sempra Energy by 4.9% in the second quarter. UMB Bank N A MO now owns 9,323 shares of the company’s stock worth $1,063,000 after buying an additional 437 shares during the last quarter. Conning Inc. boosted its position in shares of Sempra Energy by 0.4% in the second quarter. Conning Inc. now owns 5,631 shares of the company’s stock worth $642,000 after buying an additional 20 shares during the last quarter. Strs Ohio boosted its position in shares of Sempra Energy by 12.1% in the second quarter. Strs Ohio now owns 865,404 shares of the company’s stock worth $98,673,000 after buying an additional 93,292 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Sempra Energy during the second quarter worth about $34,257,000. Institutional investors and hedge funds own 79.54% of the company’s stock.
Sempra Energy (NYSE:SRE) traded up 0.35% during mid-day trading on Thursday, reaching $103.09. The company had a trading volume of 890,383 shares. The firm has a market capitalization of $25.78 billion, a PE ratio of 27.22 and a beta of 0.49. The stock’s 50-day moving average price is $106.22 and its 200 day moving average price is $107.03. Sempra Energy has a 52 week low of $86.72 and a 52 week high of $114.66.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.18. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The firm earned $2.16 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Sempra Energy will post $4.77 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 29th will be paid a $0.755 dividend. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $3.02 annualized dividend and a yield of 2.93%. Sempra Energy’s dividend payout ratio (DPR) is currently 79.68%.
Several research analysts have recently weighed in on SRE shares. Argus restated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. cut Sempra Energy from a “conviction-buy” rating to a “neutral” rating and decreased their price target for the stock from $109.90 to $109.46 in a research note on Sunday, June 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Sempra Energy has an average rating of “Buy” and a consensus target price of $110.87.
In related news, SVP Trevor I. Mihalik sold 5,659 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total value of $604,720.74. Following the transaction, the senior vice president now owns 2,615 shares of the company’s stock, valued at $279,438.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Rutledge sold 5,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $107.20, for a total value of $536,000.00. Following the completion of the transaction, the director now directly owns 10,838 shares in the company, valued at approximately $1,161,833.60. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.