Janney Montgomery Scott LLC Grows Stake in Sempra Energy (SRE)
Janney Montgomery Scott LLC lifted its holdings in Sempra Energy (NYSE:SRE) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,398 shares of the utilities provider’s stock after buying an additional 1,656 shares during the period. Janney Montgomery Scott LLC’s holdings in Sempra Energy were worth $1,529,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SRE. Bronfman E.L. Rothschild L.P. boosted its position 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 worth $105,000 after buying an additional 202 shares during the period. WESPAC Advisors SoCal LLC boosted its position 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 worth $145,000 after buying an additional 9 shares during the period. Parallel Advisors LLC boosted its position 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 worth $148,000 after buying an additional 436 shares during the period. Rocky Mountain Advisers LLC acquired a new stake in shares of Sempra Energy in the third quarter worth $183,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in shares of Sempra Energy in the second quarter worth $186,000. 80.56% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on SRE shares. Bank of America started coverage on Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 target price for the company. J P Morgan Chase & Co raised their target price on Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Wells Fargo & Company decreased their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $129.00 in a research report on Wednesday, October 11th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sempra Energy currently has an average rating of “Buy” and a consensus target price of $124.56.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 earnings per share. equities analysts forecast that Sempra Energy will post 5.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.8225 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.29 dividend on an annualized basis and a yield of 2.93%. Sempra Energy’s payout ratio is 72.95%.
Sempra Energy Company Profile
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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