Brown Advisory Inc. purchased a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 4,810 shares of the company’s stock, valued at approximately $548,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 84.1% in the second quarter. JPMorgan Chase & Co. now owns 7,275,776 shares of the company’s stock valued at $829,585,000 after buying an additional 3,324,658 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Sempra Energy by 77.2% in the first quarter. Wellington Management Group LLP now owns 3,101,489 shares of the company’s stock valued at $322,709,000 after buying an additional 1,351,160 shares during the last quarter. State Street Corp boosted its position in shares of Sempra Energy by 8.3% in the first quarter. State Street Corp now owns 11,752,640 shares of the company’s stock valued at $1,222,854,000 after buying an additional 900,528 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Sempra Energy by 230.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,151,391 shares of the company’s stock valued at $119,802,000 after buying an additional 802,803 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Sempra Energy by 6.1% in the first quarter. BlackRock Fund Advisors now owns 6,827,807 shares of the company’s stock valued at $710,433,000 after buying an additional 394,110 shares during the last quarter. 79.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sempra Energy (NYSE:SRE) opened at 107.19 on Friday. Sempra Energy has a 52 week low of $86.72 and a 52 week high of $114.66. The stock has a market capitalization of $26.81 billion, a price-to-earnings ratio of 28.30 and a beta of 0.47. The firm’s 50-day moving average is $106.52 and its 200-day moving average is $106.98.
Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.18. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. On average, equities research analysts anticipate that Sempra Energy will post $4.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th will be given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, September 27th. Sempra Energy’s dividend payout ratio (DPR) is presently 79.68%.
Several research analysts have recently weighed in on SRE shares. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th. Goldman Sachs Group Inc. lowered shares of Sempra Energy from a “conviction-buy” rating to a “neutral” rating and reduced their price objective for the company from $109.90 to $109.46 in a report on Sunday, June 12th. Finally, Argus restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Sempra Energy has an average rating of “Buy” and a consensus target price of $110.87.
In related news, Director William P. Rutledge sold 5,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,161,833.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Trevor I. Mihalik sold 5,659 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total value of $604,720.74. Following the transaction, the senior vice president now directly owns 2,615 shares in the company, valued at $279,438.90. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
About Sempra Energy
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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