Bank of New York Mellon Corp Has $247,842,000 Position in Sempra Energy (SRE)
Bank of New York Mellon Corp cut its stake in shares of Sempra Energy (NYSE:SRE) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,312,172 shares of the company’s stock after selling 26,519 shares during the period. Bank of New York Mellon Corp owned 0.92% of Sempra Energy worth $247,842,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in SRE. Victory Capital Management Inc. boosted its position in Sempra Energy by 8.7% in the third quarter. Victory Capital Management Inc. now owns 766,101 shares of the company’s stock worth $82,118,000 after buying an additional 61,077 shares during the period. State Treasurer State of Michigan boosted its position in Sempra Energy by 6.0% in the third quarter. State Treasurer State of Michigan now owns 87,194 shares of the company’s stock worth $9,346,000 after buying an additional 4,900 shares during the period. Advisor Partners LLC boosted its position in Sempra Energy by 7.5% in the third quarter. Advisor Partners LLC now owns 3,690 shares of the company’s stock worth $396,000 after buying an additional 256 shares during the period. Aperio Group LLC boosted its position in Sempra Energy by 0.7% in the third quarter. Aperio Group LLC now owns 109,724 shares of the company’s stock worth $11,761,000 after buying an additional 767 shares during the period. Finally, BB&T Corp boosted its position in Sempra Energy by 16.6% in the third quarter. BB&T Corp now owns 4,645 shares of the company’s stock worth $498,000 after buying an additional 661 shares during the period. 79.96% of the stock is owned by institutional investors and hedge funds.
Sempra Energy (NYSE:SRE) opened at 99.80 on Thursday. The firm has a market cap of $24.99 billion, a P/E ratio of 18.52 and a beta of 0.52. Sempra Energy has a 1-year low of $86.72 and a 1-year high of $114.66. The company has a 50-day moving average price of $102.12 and a 200-day moving average price of $106.68.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The firm earned $2.54 billion during the quarter, compared to the consensus estimate of $2.68 billion. Sempra Energy had a return on equity of 9.41% and a net margin of 13.24%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, equities research analysts forecast that Sempra Energy will post $4.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Saturday, December 10th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $1.50 dividend on an annualized basis and a yield of 1.50%. Sempra Energy’s dividend payout ratio (DPR) is presently 57.41%.
SRE has been the subject of a number of research reports. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Guggenheim reissued a “buy” rating and set a $121.00 target price on shares of Sempra Energy in a report on Monday, November 7th. Finally, Argus reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $114.69.
In other Sempra Energy news, Director Alan L. Boeckmann acquired 6,000 shares of Sempra Energy stock in a transaction on Tuesday, November 29th. The stock was purchased at an average price of $101.52 per share, for a total transaction of $609,120.00. Following the purchase, the director now directly owns 5,102 shares of the company’s stock, valued at $517,955.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.
About Sempra Energy
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.
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