Sempra Energy (SRE) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its stake in shares of Sempra Energy (NYSE:SRE) by 61.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,282 shares of the utilities provider’s stock after purchasing an additional 10,727 shares during the period. Amalgamated Bank’s holdings in Sempra Energy were worth $3,189,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Sempra Energy by 0.3% during the 2nd quarter. BlackRock Inc. now owns 20,037,400 shares of the utilities provider’s stock worth $2,259,219,000 after purchasing an additional 68,576 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sempra Energy by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 17,366,648 shares of the utilities provider’s stock worth $1,919,015,000 after purchasing an additional 596,498 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Sempra Energy by 4.9% during the 1st quarter. Wellington Management Group LLP now owns 8,542,152 shares of the utilities provider’s stock worth $943,907,000 after purchasing an additional 400,464 shares in the last quarter. Morgan Stanley boosted its position in shares of Sempra Energy by 1.9% during the 1st quarter. Morgan Stanley now owns 4,087,824 shares of the utilities provider’s stock worth $451,706,000 after purchasing an additional 76,182 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock worth $454,591,000 after purchasing an additional 80,131 shares in the last quarter. Institutional investors own 81.20% of the company’s stock.
Several equities research analysts have commented on SRE shares. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a research report on Thursday, June 8th. BidaskClub lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th. Royal Bank Of Canada restated a “buy” rating and set a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley boosted their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy presently has an average rating of “Buy” and a consensus target price of $121.00.
Sempra Energy (SRE) traded up 0.17% on Friday, hitting $119.29. The stock had a trading volume of 1,662,341 shares. Sempra Energy has a one year low of $92.95 and a one year high of $120.17. The stock has a 50-day moving average of $117.35 and a 200-day moving average of $113.58. The company has a market cap of $29.95 billion, a PE ratio of 17.64 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. Equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be paid a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s payout ratio is 48.74%.
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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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