Brookmont Capital Management Has $475,000 Position in Sempra Energy (SRE)
Brookmont Capital Management lowered its position in Sempra Energy (NYSE:SRE) by 17.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,209 shares of the utilities provider’s stock after selling 863 shares during the quarter. Brookmont Capital Management’s holdings in Sempra Energy were worth $475,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America grew its holdings 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 purchasing an additional 6 shares during the period. WESPAC Advisors SoCal LLC grew its holdings in shares of Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares during the period. HCR Wealth Advisors grew its holdings in shares of Sempra Energy by 0.3% in the first quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock valued at $357,000 after purchasing an additional 11 shares during the period. Chartist Inc. CA grew its holdings in shares of Sempra Energy by 0.4% in the first quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock valued at $318,000 after purchasing an additional 11 shares during the period. Finally, Weatherly Asset Management L. P. grew its holdings in shares of Sempra Energy by 0.4% in the second quarter. Weatherly Asset Management L. P. now owns 4,442 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 17 shares during the period. 80.80% of the stock is owned by hedge funds and other institutional investors.
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Sempra Energy (SRE) traded down 0.03% on Tuesday, reaching $116.84. 195,402 shares of the company’s stock were exchanged. The company has a market capitalization of $29.34 billion, a PE ratio of 17.28 and a beta of 0.55. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $120.17. The company has a 50 day moving average price of $117.61 and a 200-day moving average price of $113.75.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities research analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be issued a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s dividend payout ratio (DPR) is 48.74%.
A number of equities research analysts recently issued reports on SRE shares. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a report on Thursday, June 8th. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.00.
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.
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