Coastline Trust Co reduced its stake in shares of Sempra Energy (NYSE:SRE) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,321 shares of the utilities provider’s stock after selling 310 shares during the quarter. Coastline Trust Co’s holdings in Sempra Energy were worth $1,953,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SRE. Guardian Life Insurance Co. of America increased its position in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares in the last quarter. HCR Wealth Advisors increased its position in shares of Sempra Energy by 0.3% in the first quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock valued at $357,000 after buying an additional 11 shares in the last quarter. Chartist Inc. CA increased its position in shares of Sempra Energy by 0.4% in the first quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock valued at $318,000 after buying an additional 11 shares in the last quarter. Weatherly Asset Management L. P. increased its position in shares of Sempra Energy by 0.4% in the second quarter. Weatherly Asset Management L. P. now owns 4,442 shares of the utilities provider’s stock valued at $501,000 after buying an additional 17 shares in the last quarter. Finally, Aspiriant LLC increased its position in shares of Sempra Energy by 0.7% in the second quarter. Aspiriant LLC now owns 2,321 shares of the utilities provider’s stock valued at $262,000 after buying an additional 17 shares in the last quarter. Institutional investors own 81.20% of the company’s stock.

A number of research firms have recently commented on SRE. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley boosted their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research report on Thursday, June 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and a consensus price target of $121.00.

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Shares of Sempra Energy (NYSE:SRE) opened at 119.93 on Tuesday. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $120.17. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 17.74 and a beta of 0.55. The stock has a 50 day moving average price of $116.61 and a 200-day moving average price of $113.32.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $0.79 EPS. Sempra Energy’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts anticipate that Sempra Energy will post $5.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 22nd will be paid a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 21st. Sempra Energy’s payout ratio is currently 48.74%.

About Sempra Energy

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.

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

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