New Mexico Educational Retirement Board reduced its stake in Sempra Energy (NYSE:SRE) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,341 shares of the utilities provider’s stock after selling 2,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Sempra Energy were worth $2,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Star Investment Management Corp. raised its position in Sempra Energy by 0.3% in the first quarter. North Star Investment Management Corp. now owns 2,158 shares of the utilities provider’s stock valued at $238,000 after buying an additional 6 shares during the period. Guardian Life Insurance Co. of America raised its position in Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Financial Architects Inc raised its position in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. HCR Wealth Advisors raised its position in Sempra Energy by 0.3% in the first quarter. HCR Wealth Advisors now owns 3,232 shares of the utilities provider’s stock valued at $357,000 after buying an additional 11 shares during the period. Finally, Chartist Inc. CA raised its position in Sempra Energy by 0.4% in the first quarter. Chartist Inc. CA now owns 2,874 shares of the utilities provider’s stock valued at $318,000 after buying an additional 11 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 116.73 on Thursday. Sempra Energy has a 52 week low of $92.95 and a 52 week high of $117.97. The firm’s 50 day moving average is $113.35 and its 200-day moving average is $111.07. The firm has a market cap of $29.28 billion, a price-to-earnings ratio of 20.09 and a beta of 0.54.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts predict that Sempra Energy will post $5.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, July 7th were given a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, July 5th. Sempra Energy’s dividend payout ratio is 48.74%.

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Several research analysts have issued reports on the stock. UBS AG restated a “buy” rating and issued a $128.00 price target (up previously from $124.00) on shares of Sempra Energy in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. BidaskClub upgraded 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. Finally, BMO Capital Markets reiterated a “hold” rating and set a $115.00 price objective on shares of Sempra Energy in a research report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sempra Energy has an average rating of “Buy” and an average price target of $120.43.

In other news, CEO Debra L. Reed sold 23,000 shares of the 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 sale, the chief executive officer now owns 112,345 shares of the company’s stock, valued at $12,743,293.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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