Sempra Energy (NYSE:SRE) announced a quarterly dividend on Friday, September 9th. Stockholders of record on Thursday, September 29th will be given a dividend of 0.755 per share on Saturday, October 15th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, September 27th.
Shares of Sempra Energy (NYSE:SRE) opened at 109.91 on Monday. Sempra Energy has a 1-year low of $86.72 and a 1-year high of $114.66. The stock has a 50 day moving average of $106.30 and a 200-day moving average of $106.64. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of 29.02 and a beta of 0.47.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by $0.18. Sempra Energy had a net margin of 9.56% and a return on equity of 9.49%. The firm earned $2.16 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business posted $1.03 earnings per share. Sempra Energy’s revenue was down 8.9% compared to the same quarter last year. Analysts forecast that Sempra Energy will post $4.77 earnings per share for the current year.
SRE has been the subject of a number of analyst reports. Argus restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. downgraded shares of Sempra Energy from a “conviction-buy” rating to a “neutral” rating and lowered their target price for the company from $109.90 to $109.46 in a research note on Sunday, June 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $110.87.
In other Sempra Energy news, SVP Trevor I. Mihalik sold 5,659 shares of Sempra Energy stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the transaction, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at $279,438.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Rutledge sold 5,000 shares of Sempra Energy stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $107.20, for a total transaction of $536,000.00. Following the transaction, the director now directly owns 10,838 shares in the company, valued at $1,161,833.60. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC increased its position in Sempra Energy by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 18,143 shares of the company’s stock valued at $2,069,000 after buying an additional 127 shares during the period. Virtu Financial LLC acquired a new position in Sempra Energy during the second quarter valued at approximately $615,000. Pinkerton Retirement Specialists LLC acquired a new position in Sempra Energy during the second quarter valued at approximately $128,000. Point72 Asia Hong Kong Ltd increased its position in Sempra Energy by 200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 900 shares of the company’s stock valued at $103,000 after buying an additional 600 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Sempra Energy by 71.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 267,885 shares of the company’s stock valued at $30,544,000 after buying an additional 111,492 shares during the period. 79.54% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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