Sempra Energy (SRE) Holdings Boosted by Maple Brown Abbott Ltd
Maple Brown Abbott Ltd raised its stake in shares of Sempra Energy (NYSE:SRE) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 669,165 shares of the utilities provider’s stock after buying an additional 37,400 shares during the period. Sempra Energy makes up 7.6% of Maple Brown Abbott Ltd’s portfolio, making the stock its 4th biggest position. Maple Brown Abbott Ltd owned about 0.27% of Sempra Energy worth $76,372,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of Sempra Energy by 240.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock valued at $144,664,000 after purchasing an additional 905,963 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Sempra Energy during the 2nd quarter valued at about $85,559,000. Capital International Investors boosted its position in shares of Sempra Energy by 7.1% during the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after purchasing an additional 661,199 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Sempra Energy by 1,806.5% during the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after purchasing an additional 573,891 shares in the last quarter. Finally, CI Investments Inc. boosted its position in shares of Sempra Energy by 125.3% during the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after purchasing an additional 514,100 shares in the last quarter. 80.58% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Sempra Energy (SRE) traded down $0.15 on Monday, hitting $118.83. 2,451 shares of the company’s stock traded hands, compared to its average volume of 1,366,675. Sempra Energy has a one year low of $92.95 and a one year high of $120.17. The firm has a market capitalization of $29,873.21, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40.
Sempra Energy (NYSE:SRE) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts forecast that Sempra Energy will post 5.24 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were issued a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, September 21st. Sempra Energy’s dividend payout ratio is currently 72.95%.
SRE has been the subject of several research reports. Goldman Sachs Group, Inc. (The) upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Bank of America Corporation initiated coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $124.20.
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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