Bp Plc Has $3,495,000 Position in Sempra Energy (NYSE:SRE)
Bp Plc continued to hold its stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The firm owned 31,000 shares of the utilities provider’s stock at the end of the second quarter. Bp Plc’s holdings in Sempra Energy were worth $3,495,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust increased its position in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock worth $116,000 after buying an additional 286 shares during the period. Financial Architects Inc increased its position in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock worth $150,000 after buying an additional 7 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Sempra Energy during the first quarter worth about $170,000. Finally, Signaturefd LLC acquired a new position in shares of Sempra Energy during the first quarter worth about $201,000. Institutional investors and hedge funds own 80.51% of the company’s stock.
Sempra Energy (SRE) opened at 116.73 on Thursday. The company has a market cap of $29.28 billion, a P/E ratio of 20.09 and a beta of 0.54. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97. The firm has a 50-day moving average price of $113.35 and a 200-day moving average price of $111.07.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Equities research analysts anticipate that Sempra Energy will post $5.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were issued a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Wednesday, July 5th. Sempra Energy’s payout ratio is 48.74%.
COPYRIGHT VIOLATION NOTICE: “Bp Plc Has $3,495,000 Position in Sempra Energy (NYSE:SRE)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/bp-plc-has-3495000-position-in-sempra-energy-nysesre/1469153.html.
SRE has been the subject of a number of recent analyst reports. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS AG restated a “buy” rating and issued a $128.00 price objective (up previously from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a research note on Monday, July 24th. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research note on Thursday, June 8th. Finally, Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and a consensus price target of $120.43.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total value of $2,608,890.00. Following the completion of the sale, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with Analyst Ratings Network's FREE daily email newsletter.