Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $3.89 Million Stake in Sempra Energy (SRE)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in Sempra Energy (NYSE:SRE) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,475 shares of the utilities provider’s stock after selling 5,221 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sempra Energy were worth $3,887,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama raised its position in Sempra Energy by 2.2% in the first quarter. Retirement Systems of Alabama now owns 121,109 shares of the utilities provider’s stock valued at $13,383,000 after buying an additional 2,587 shares in the last quarter. Hexavest Inc. bought a new position in Sempra Energy during the first quarter valued at approximately $1,061,000. State of Alaska Department of Revenue raised its position in Sempra Energy by 41.1% in the first quarter. State of Alaska Department of Revenue now owns 8,491 shares of the utilities provider’s stock valued at $938,000 after buying an additional 2,475 shares in the last quarter. Huntington National Bank raised its position in Sempra Energy by 1.0% in the first quarter. Huntington National Bank now owns 199,195 shares of the utilities provider’s stock valued at $22,012,000 after buying an additional 2,055 shares in the last quarter. Finally, Ledyard National Bank raised its position in Sempra Energy by 95.8% in the first quarter. Ledyard National Bank now owns 4,915 shares of the utilities provider’s stock valued at $543,000 after buying an additional 2,405 shares in the last quarter. Institutional investors and hedge funds own 80.51% of the company’s stock.
Shares of Sempra Energy (NYSE SRE) opened at 115.61 on Friday. The stock has a market capitalization of $29.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.54. The company has a 50-day moving average of $113.47 and a 200 day moving average of $111.20. Sempra Energy has a one year low of $92.95 and a one year high of $117.97.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company earned $0.79 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Equities research analysts forecast that Sempra Energy will post $5.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, July 7th were paid a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s payout ratio is 48.74%.
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Several brokerages recently issued reports on SRE. BMO Capital Markets restated a “hold” rating and issued a $115.00 price objective on shares of Sempra Energy in a report on Wednesday, May 10th. Morgan Stanley reduced their price objective on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Finally, Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock 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 dated Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total value of $2,608,890.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.
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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