Sempra Energy (SRE) Shares Bought by Laurel Wealth Advisors Inc.
Laurel Wealth Advisors Inc. increased its position in Sempra Energy (NYSE:SRE) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,125 shares of the utilities provider’s stock after purchasing an additional 70 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Sempra Energy were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America lifted its stake in shares of Sempra Energy by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 6 shares during the period. WESPAC Advisors SoCal LLC lifted its stake in shares of Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares during the period. HCR Wealth Advisors lifted its stake in shares of Sempra Energy by 0.3% in the 1st quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 11 shares during the period. Chartist Inc. CA lifted its stake in shares of Sempra Energy by 0.4% in the 1st quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 11 shares during the period. Finally, Weatherly Asset Management L. P. lifted its stake in shares of Sempra Energy by 0.4% in the 2nd quarter. Weatherly Asset Management L. P. now owns 4,442 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 17 shares during the period. Institutional investors own 80.80% of the company’s stock.
Sempra Energy (NYSE SRE) traded up 0.73% on Monday, hitting $112.77. The stock had a trading volume of 340,218 shares. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17. The stock’s 50-day moving average is $117.02 and its 200 day moving average is $114.15. The firm has a market capitalization of $28.31 billion, a price-to-earnings ratio of 16.68 and a beta of 0.56.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 EPS 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 analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that Sempra Energy will post $5.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.8225 per share. The ex-dividend date is Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.94%. Sempra Energy’s dividend payout ratio is presently 48.74%.
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 note on Tuesday, August 8th. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Morgan Stanley raised their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $122.67.
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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