Fortem Financial Group LLC Decreases Holdings in Sempra Energy (NYSE:SRE)


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Fortem Financial Group LLC trimmed its stake in Sempra Energy (NYSE:SRE) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,433 shares of the utilities provider’s stock after selling 171 shares during the period. Sempra Energy accounts for approximately 1.4% of Fortem Financial Group LLC’s holdings, making the stock its 17th largest position. Fortem Financial Group LLC’s holdings in Sempra Energy were worth $2,444,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Sempra Energy in the 4th quarter worth $951,586,000. Clearbridge Investments LLC increased its stake in Sempra Energy by 47.6% in the 4th quarter. Clearbridge Investments LLC now owns 3,403,426 shares of the utilities provider’s stock worth $433,631,000 after buying an additional 1,097,822 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Sempra Energy during the 4th quarter valued at about $45,730,000. International Assets Investment Management LLC bought a new position in shares of Sempra Energy during the 4th quarter valued at about $238,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Sempra Energy by 28.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 677,800 shares of the utilities provider’s stock valued at $85,048,000 after purchasing an additional 151,066 shares during the last quarter. Hedge funds and other institutional investors own 83.76% of the company’s stock.

Several research firms have commented on SRE. Wells Fargo & Company raised shares of Sempra Energy from an “equal weight” rating to an “overweight” rating and set a $141.00 price objective for the company in a report on Thursday, January 14th. KeyCorp lowered their price target on shares of Sempra Energy from $143.00 to $141.00 and set an “overweight” rating for the company in a report on Tuesday, January 12th. Mizuho raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $129.00 to $148.00 in a report on Monday. Seaport Global Securities reissued a “neutral” rating on shares of Sempra Energy in a research report on Tuesday, April 13th. Finally, Barclays reduced their target price on shares of Sempra Energy from $159.00 to $149.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $146.45.

NYSE SRE opened at $138.60 on Thursday. Sempra Energy has a 1 year low of $112.16 and a 1 year high of $140.30. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.84 and a quick ratio of 0.80. The company has a fifty day moving average of $130.24 and a 200 day moving average of $127.37. The company has a market capitalization of $41.96 billion, a PE ratio of 10.74, a P/E/G ratio of 2.07 and a beta of 0.60.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, February 25th. The utilities provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.35. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Sempra Energy had a net margin of 34.85% and a return on equity of 11.02%. During the same quarter in the previous year, the company earned $1.55 earnings per share. Research analysts expect that Sempra Energy will post 7.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Thursday, March 25th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.17%. This is a boost from Sempra Energy’s previous quarterly dividend of $1.05. Sempra Energy’s payout ratio is currently 64.90%.

About Sempra Energy

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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