Oak Grove Capital LLC Has $4.82 Million Stock Holdings in Sempra Energy $SRE

Oak Grove Capital LLC lowered its stake in Sempra Energy (NYSE:SRE) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,600 shares of the utilities provider’s stock after selling 6,000 shares during the quarter. Sempra Energy makes up approximately 0.7% of Oak Grove Capital LLC’s investment portfolio, making the stock its 23rd largest position. Oak Grove Capital LLC’s holdings in Sempra Energy were worth $4,823,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SRE. Teachers Retirement System of The State of Kentucky lifted its position in shares of Sempra Energy by 34.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 287,757 shares of the utilities provider’s stock valued at $25,892,000 after buying an additional 74,000 shares during the last quarter. Victory Capital Management Inc. boosted its position in Sempra Energy by 1.6% during the third quarter. Victory Capital Management Inc. now owns 317,973 shares of the utilities provider’s stock worth $28,611,000 after purchasing an additional 5,019 shares during the period. CI Investments Inc. increased its holdings in shares of Sempra Energy by 0.3% in the third quarter. CI Investments Inc. now owns 536,620 shares of the utilities provider’s stock valued at $48,285,000 after purchasing an additional 1,674 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Sempra Energy in the third quarter valued at about $425,000. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Sempra Energy by 2.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 47,015 shares of the utilities provider’s stock worth $4,230,000 after buying an additional 907 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Energy Stock Down 0.6%

Shares of NYSE SRE opened at $95.66 on Tuesday. The company has a market cap of $62.43 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 3.63 and a beta of 0.73. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.75. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $97.44. The stock has a 50-day moving average price of $89.83 and a two-hundred day moving average price of $88.92.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, February 26th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Sempra Energy had a return on equity of 8.22% and a net margin of 13.27%.Sempra Energy’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. As a group, analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, March 19th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.65. Sempra Energy’s dividend payout ratio (DPR) is 93.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SRE. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. UBS Group reissued an “outperform” rating and issued a $100.00 target price on shares of Sempra Energy in a research report on Thursday, January 22nd. Citigroup restated a “neutral” rating and issued a $99.00 price target (up from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $101.00 price objective on shares of Sempra Energy in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.20.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.