RNC Capital Management LLC cut its stake in Sempra Energy (NYSE:SRE) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,263 shares of the utilities provider’s stock after selling 785 shares during the quarter. Sempra Energy accounts for about 2.3% of RNC Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. RNC Capital Management LLC owned 0.10% of Sempra Energy worth $33,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Sempra Energy by 4.1% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 2,080 shares of the utilities provider’s stock worth $262,000 after buying an additional 81 shares during the last quarter. Patten Group Inc. lifted its holdings in Sempra Energy by 3.5% during the fourth quarter. Patten Group Inc. now owns 2,675 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 90 shares in the last quarter. Hutchinson Capital Management CA lifted its holdings in Sempra Energy by 2.1% during the fourth quarter. Hutchinson Capital Management CA now owns 4,902 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Sempra Energy by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the utilities provider’s stock valued at $1,825,000 after purchasing an additional 100 shares in the last quarter. Finally, Hanson McClain Inc. lifted its holdings in Sempra Energy by 25.8% during the fourth quarter. Hanson McClain Inc. now owns 521 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

In other news, Director Lynn Schenk sold 5,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $128.92, for a total value of $644,600.00. Following the transaction, the director now owns 16,306 shares of the company’s stock, valued at $2,102,169.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Peter R. Wall sold 1,049 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $112.26, for a total transaction of $117,760.74. Following the completion of the transaction, the vice president now directly owns 2,815 shares in the company, valued at approximately $316,011.90. The disclosure for this sale can be found here. Insiders sold 8,442 shares of company stock worth $1,051,579 in the last three months. Insiders own 0.13% of the company’s stock.

NYSE:SRE traded up $0.21 during trading hours on Thursday, hitting $127.50. 4,541 shares of the stock traded hands, compared to its average volume of 1,654,741. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.48 and a quick ratio of 0.45. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $130.00. The company has a market capitalization of $34.88 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.58 and a beta of 0.53.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. Sempra Energy had a net margin of 8.73% and a return on equity of 9.54%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Sempra Energy will post 6.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 22nd were issued a $0.9675 dividend. This represents a $3.87 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, March 21st. This is an increase from Sempra Energy’s previous quarterly dividend of $0.90. Sempra Energy’s payout ratio is 69.48%.

Several equities analysts have weighed in on SRE shares. Wells Fargo & Co lifted their price target on shares of Sempra Energy from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Guggenheim reaffirmed a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a report on Monday, January 7th. Zacks Investment Research reaffirmed a “buy” rating and set a $128.00 price target on shares of Sempra Energy in a report on Monday, December 31st. Morgan Stanley lifted their price target on shares of Sempra Energy from $132.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Finally, Argus lifted their price target on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sempra Energy presently has an average rating of “Buy” and a consensus target price of $130.43.

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About Sempra Energy

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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