Parametric Portfolio Associates LLC Boosts Position in Sempra Energy (NYSE:SRE)
Parametric Portfolio Associates LLC boosted its holdings in Sempra Energy (NYSE:SRE) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 586,312 shares of the utilities provider’s stock after buying an additional 26,253 shares during the period. Parametric Portfolio Associates LLC’s holdings in Sempra Energy were worth $80,583,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northern Trust Corp raised its holdings in Sempra Energy by 1.6% in the second quarter. Northern Trust Corp now owns 3,693,409 shares of the utilities provider’s stock valued at $507,621,000 after buying an additional 59,774 shares during the period. Geode Capital Management LLC raised its holdings in Sempra Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock valued at $380,344,000 after buying an additional 253,809 shares during the period. Bank of New York Mellon Corp raised its holdings in Sempra Energy by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 2,273,243 shares of the utilities provider’s stock valued at $312,434,000 after buying an additional 14,352 shares during the period. Magellan Asset Management Ltd raised its holdings in Sempra Energy by 3.1% in the first quarter. Magellan Asset Management Ltd now owns 1,934,817 shares of the utilities provider’s stock valued at $243,516,000 after buying an additional 57,861 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in Sempra Energy by 10.9% in the second quarter. Bahl & Gaynor Inc. now owns 1,465,793 shares of the utilities provider’s stock valued at $201,459,000 after buying an additional 144,568 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.
In other news, COO Joseph A. Householder sold 14,304 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the completion of the sale, the chief operating officer now owns 45,991 shares of the company’s stock, valued at $6,586,371.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. During the same quarter in the prior year, the business earned $1.35 EPS. On average, equities research analysts expect that Sempra Energy will post 5.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th will be given a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 19th. Sempra Energy’s payout ratio is currently 69.48%.
A number of analysts have recently issued reports on SRE shares. Wells Fargo & Co set a $153.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a research note on Tuesday, September 3rd. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Monday, August 26th. Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price objective on the stock. in a research note on Wednesday, July 24th. KeyCorp started coverage on shares of Sempra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $151.00 price objective on the stock. Finally, Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $141.00 to $142.00 in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $145.89.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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