Candriam Luxembourg S.C.A. Has $1,873,000 Stake in Sempra Energy (SRE)
Candriam Luxembourg S.C.A. maintained its position in shares of Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The fund owned 16,614 shares of the utilities provider’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Sempra Energy were worth $1,873,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Sempra Energy by 2,725.7% in the first quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after buying an additional 19,262,128 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sempra Energy by 3.6% in the first quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after buying an additional 596,498 shares during the period. Wellington Management Group LLP boosted its stake in shares of Sempra Energy by 4.9% in the first quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock worth $943,907,000 after buying an additional 400,464 shares during the period. Morgan Stanley boosted its stake in shares of Sempra Energy by 1.9% in the first quarter. Morgan Stanley now owns 4,087,824 shares of the utilities provider’s stock worth $451,706,000 after buying an additional 76,182 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sempra Energy by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 3,951,728 shares of the utilities provider’s stock worth $436,666,000 after buying an additional 11,080 shares during the period. Hedge funds and other institutional investors own 80.51% of the company’s stock.
Shares of Sempra Energy (NYSE SRE) opened at 116.06 on Friday. The stock has a market capitalization of $29.14 billion, a PE ratio of 17.17 and a beta of 0.54. The company has a 50-day moving average of $113.41 and a 200-day moving average of $111.11. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. On average, equities research analysts expect that Sempra Energy will post $5.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were issued a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s dividend payout ratio is currently 48.74%.
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A number of equities research analysts recently weighed in on the stock. Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a research report on Thursday, June 8th. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $121.00.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the transaction, the chief executive officer now directly owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is 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.
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