TIAA CREF Investment Management LLC lowered its holdings in Sempra Energy (NYSE:SRE) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,042,938 shares of the utilities provider’s stock after selling 9,026 shares during the period. TIAA CREF Investment Management LLC owned about 0.81% of Sempra Energy worth $230,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SRE. BlackRock Inc. lifted its holdings in Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after acquiring an additional 19,262,128 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Sempra Energy by 240.3% in the second quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after acquiring an additional 905,963 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after acquiring an additional 596,498 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Sempra Energy by 17.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,581,705 shares of the utilities provider’s stock worth $395,778,000 after acquiring an additional 544,234 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in Sempra Energy by 125.3% in the second quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock worth $104,233,000 after acquiring an additional 514,100 shares during the last quarter. 81.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on SRE shares. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a report on Thursday, June 8th. Morgan Stanley raised their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.00.

Sempra Energy (SRE) traded down 0.06% during midday trading on Wednesday, hitting $118.27. The stock had a trading volume of 85,317 shares. The stock’s 50 day moving average price is $116.71 and its 200-day moving average price is $113.37. The company has a market cap of $29.69 billion, a PE ratio of 17.49 and a beta of 0.55. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $120.10.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Equities research analysts predict that Sempra Energy will post $5.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.8225 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.78%. Sempra Energy’s payout ratio is 48.74%.

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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.

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

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