Tortoise Capital Advisors L.L.C. Sells 6,411 Shares of Sempra Energy (NYSE:SRE)

Tortoise Capital Advisors L.L.C. decreased its holdings in Sempra Energy (NYSE:SRE) by 5.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 118,838 shares of the utilities provider’s stock after selling 6,411 shares during the quarter. Tortoise Capital Advisors L.L.C.’s holdings in Sempra Energy were worth $15,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Logan Capital Management Inc. acquired a new position in shares of Sempra Energy in the first quarter valued at approximately $30,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Sempra Energy in the first quarter valued at approximately $31,000. HBC Financial Services PLLC acquired a new position in shares of Sempra Energy in the first quarter valued at approximately $34,000. CVA Family Office LLC acquired a new position in shares of Sempra Energy in the first quarter valued at approximately $38,000. Finally, Vantage Consulting Group Inc acquired a new position in shares of Sempra Energy in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Several research firms have recently commented on SRE. Wells Fargo & Company upped their target price on Sempra Energy from $148.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, June 30th. BMO Capital Markets reduced their price target on Sempra Energy from $151.00 to $145.00 and set a “market perform” rating on the stock in a research report on Friday, June 25th. Seaport Global Securities reissued a “neutral” rating on shares of Sempra Energy in a research report on Tuesday, April 13th. Barclays increased their price target on Sempra Energy from $145.00 to $158.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 25th. Finally, Mizuho increased their price target on Sempra Energy from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Monday, June 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $148.43.

Shares of SRE traded down $0.66 during trading hours on Thursday, reaching $129.64. The stock had a trading volume of 22,566 shares, compared to its average volume of 1,458,315. Sempra Energy has a 12 month low of $112.33 and a 12 month high of $144.93. The company has a market cap of $39.25 billion, a PE ratio of 9.87, a PEG ratio of 3.32 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.61 and a quick ratio of 0.57. The stock has a 50-day moving average price of $135.99.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Wednesday, May 5th. The utilities provider reported $2.95 EPS for the quarter, beating the Zacks’ consensus estimate of $2.77 by $0.18. Sempra Energy had a return on equity of 10.55% and a net margin of 34.58%. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the company earned $2.47 EPS. Sempra Energy’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Sempra Energy will post 8.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Wednesday, July 7th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Tuesday, July 6th. Sempra Energy’s payout ratio is 54.79%.

Sempra Energy Profile

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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