Salem Investment Counselors Inc. lifted its stake in Sempra Energy (NYSE:SRE) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,549 shares of the utilities provider’s stock after acquiring an additional 44 shares during the period. Salem Investment Counselors Inc.’s holdings in Sempra Energy were worth $513,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in Sempra Energy by 10.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 774,079 shares of the utilities provider’s stock valued at $85,536,000 after purchasing an additional 71,151 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Sempra Energy by 1.0% in the 1st quarter. Nordea Investment Management AB now owns 10,518 shares of the utilities provider’s stock valued at $1,162,000 after purchasing an additional 104 shares during the period. Arizona State Retirement System boosted its holdings in Sempra Energy by 0.5% in the 1st quarter. Arizona State Retirement System now owns 81,827 shares of the utilities provider’s stock valued at $9,042,000 after purchasing an additional 400 shares during the period. Cibc World Markets Corp boosted its holdings in Sempra Energy by 52.5% in the 1st quarter. Cibc World Markets Corp now owns 26,182 shares of the utilities provider’s stock valued at $2,893,000 after purchasing an additional 9,013 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in Sempra Energy by 92.0% in the 1st quarter. Neuberger Berman Group LLC now owns 569,717 shares of the utilities provider’s stock valued at $62,954,000 after purchasing an additional 272,913 shares during the period. Institutional investors and hedge funds own 80.80% of the company’s stock.

Shares of Sempra Energy (NYSE:SRE) traded down 0.11% during trading on Tuesday, hitting $113.86. 138,203 shares of the stock were exchanged. The company has a market cap of $28.59 billion, a P/E ratio of 16.84 and a beta of 0.56. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17. The firm’s 50-day moving average is $117.41 and its 200 day moving average is $114.13.

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

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 21st. Sempra Energy’s payout ratio is 48.74%.

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Several research firms have recently issued reports on SRE. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Morgan Stanley increased their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a research report on Thursday, June 8th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $121.00.

Sempra Energy Profile

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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