Sempra Energy (SRE) Stake Boosted by Colonial Trust Advisors
Colonial Trust Advisors lifted its stake in Sempra Energy (NYSE:SRE) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,811 shares of the utilities provider’s stock after purchasing an additional 1,047 shares during the quarter. Colonial Trust Advisors’ holdings in Sempra Energy were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Sempra Energy by 0.3% in 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 during the last quarter. Vanguard Group Inc. raised its position in shares of Sempra Energy by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,796,341 shares of the utilities provider’s stock worth $2,006,537,000 after purchasing an additional 429,693 shares during the last quarter. Capital International Investors raised its position in shares of Sempra Energy by 7.1% in the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock worth $1,126,747,000 after purchasing an additional 661,199 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Sempra Energy by 4.9% in 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 during the last quarter. Finally, Morgan Stanley raised its position in shares of Sempra Energy by 1.9% in 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 during the last quarter. 80.80% of the stock is owned by hedge funds and other institutional investors.
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Shares of Sempra Energy (NYSE:SRE) traded down 2.04% during trading on Thursday, reaching $112.22. The company’s stock had a trading volume of 880,988 shares. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $120.17. The firm’s 50-day moving average is $117.28 and its 200-day moving average is $114.16. The stock has a market capitalization of $28.18 billion, a PE ratio of 16.60 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. Equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd will be issued a $0.8225 dividend. This represents a $3.29 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s dividend payout ratio is presently 48.74%.
SRE has been the subject of several recent analyst reports. BidaskClub raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research report on Monday, July 24th. Barclays PLC lowered Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price for the company. in a research report on Thursday, June 8th. Morgan Stanley boosted their target price on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Buy” and an average target price of $122.67.
Sempra Energy 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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