Strs Ohio Increases Stock Position in Sempra Energy (NYSE:SRE)
Strs Ohio increased its position in shares of Sempra Energy (NYSE:SRE) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 379,507 shares of the utilities provider’s stock after buying an additional 5,574 shares during the quarter. Strs Ohio’s holdings in Sempra Energy were worth $57,487,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its stake in shares of Sempra Energy by 1.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock worth $21,006,000 after buying an additional 2,796 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Sempra Energy by 240.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,850 shares of the utilities provider’s stock worth $1,079,000 after purchasing an additional 5,543 shares during the period. Andra AP fonden boosted its stake in shares of Sempra Energy by 58.3% during the 2nd quarter. Andra AP fonden now owns 40,200 shares of the utilities provider’s stock worth $5,525,000 after purchasing an additional 14,800 shares during the period. Schroder Investment Management Group purchased a new position in shares of Sempra Energy during the 2nd quarter worth about $384,000. Finally, Doyle Wealth Management purchased a new position in shares of Sempra Energy during the 2nd quarter worth about $59,000. 88.60% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CAO Peter R. Wall sold 1,569 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $156.84, for a total value of $246,081.96. Following the completion of the sale, the chief accounting officer now owns 2,242 shares in the company, valued at approximately $351,635.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andres Conesa purchased 2,000 shares of Sempra Energy stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of $147.26 per share, with a total value of $294,520.00. Following the acquisition, the director now owns 4,749 shares in the company, valued at approximately $699,337.74. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. As a group, equities research analysts anticipate that Sempra Energy will post 6.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.9675 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.87 annualized dividend and a dividend yield of 2.42%. Sempra Energy’s dividend payout ratio is currently 69.48%.
A number of research firms recently commented on SRE. Argus lifted their price target on shares of Sempra Energy from $156.00 to $163.00 and gave the stock a “buy” rating in a research note on Thursday, December 26th. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price target for the company in a research note on Tuesday, October 15th. Evercore ISI reaffirmed a “buy” rating and set a $160.00 price target on shares of Sempra Energy in a research note on Wednesday, November 13th. Wells Fargo & Co boosted their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Finally, KeyCorp boosted their price objective on shares of Sempra Energy from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $157.20.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.
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