US Bancorp DE reduced its stake in Sempra Energy (NYSE:SRE) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,249 shares of the utilities provider’s stock after selling 1,971 shares during the quarter. US Bancorp DE’s holdings in Sempra Energy were worth $9,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in shares of Sempra Energy by 3.0% during the second quarter. Northern Trust Corp now owns 3,347,745 shares of the utilities provider’s stock worth $388,707,000 after buying an additional 96,158 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Sempra Energy by 5,266.3% during the second quarter. Nomura Holdings Inc. now owns 3,138,899 shares of the utilities provider’s stock worth $364,458,000 after buying an additional 3,080,406 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Sempra Energy by 7.2% during the second quarter. Legal & General Group Plc now owns 2,195,244 shares of the utilities provider’s stock worth $254,852,000 after buying an additional 147,022 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Sempra Energy by 4.4% during the second quarter. Macquarie Group Ltd. now owns 1,405,699 shares of the utilities provider’s stock valued at $163,217,000 after purchasing an additional 59,400 shares during the period. Finally, AMP Capital Investors Ltd increased its position in shares of Sempra Energy by 3.3% during the second quarter. AMP Capital Investors Ltd now owns 1,092,036 shares of the utilities provider’s stock valued at $126,796,000 after purchasing an additional 34,984 shares during the period. Hedge funds and other institutional investors own 88.44% of the company’s stock.

A number of analysts have recently issued reports on SRE shares. Morgan Stanley lowered their price objective on Sempra Energy from $121.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. Wells Fargo & Co upgraded Sempra Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $125.00 to $128.00 in a research report on Monday, August 20th. Bank of America upgraded Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $126.00 in a research report on Thursday, October 11th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. set a $110.00 price objective on Sempra Energy and gave the company a “hold” rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $123.38.

SRE opened at $116.70 on Friday. The company has a market cap of $32.15 billion, a PE ratio of 21.53, a PEG ratio of 2.70 and a beta of 0.37. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.12. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Sempra Energy had a positive return on equity of 9.02% and a negative net margin of 3.33%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, research analysts predict that Sempra Energy will post 5.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 21st were given a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is 66.05%.

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Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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

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