BT Investment Management Ltd Has $86.38 Million Stake in Sempra Energy (SRE)
BT Investment Management Ltd cut its position in Sempra Energy (NYSE:SRE) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 756,833 shares of the utilities provider’s stock after selling 2,001 shares during the quarter. BT Investment Management Ltd owned 0.30% of Sempra Energy worth $86,377,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sempra Energy by 27.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 202 shares during the period. Grove Bank & Trust boosted its stake 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 valued at $116,000 after purchasing an additional 286 shares during the period. WESPAC Advisors SoCal LLC boosted its stake 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. Parallel Advisors LLC boosted its stake in shares of Sempra Energy by 49.7% in the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Sempra Energy in the first quarter valued at $170,000. Institutional investors and hedge funds own 80.62% of the company’s stock.
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Several brokerages have recently weighed in on SRE. J P Morgan Chase & Co decreased their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Morgan Stanley upped their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company decreased their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.20.
Sempra Energy (SRE) traded up $1.17 during midday trading on Friday, reaching $118.98. 1,271,352 shares of the company’s stock were exchanged, compared to its average volume of 1,371,759. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The company has a quick ratio of 0.42, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. The company has a market cap of $29,873.26, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the firm posted $1.02 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. research analysts predict that Sempra Energy will post 5.24 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.8225 per share. The ex-dividend date was Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.77%. Sempra Energy’s dividend payout ratio (DPR) is 72.95%.
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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