Corundum Group Inc. purchased a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,801 shares of the company’s stock, valued at approximately $205,000. Sempra Energy comprises about 0.3% of Corundum Group Inc.’s investment portfolio, making the stock its 26th largest position.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Conning Inc. boosted its stake in Sempra Energy by 0.4% in the second quarter. Conning Inc. now owns 5,631 shares of the company’s stock worth $642,000 after buying an additional 20 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Sempra Energy by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,227 shares of the company’s stock worth $368,000 after buying an additional 20 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Sempra Energy by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,896 shares of the company’s stock worth $2,154,000 after buying an additional 180 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in Sempra Energy by 6.6% in the first quarter. Boothbay Fund Management LLC now owns 4,533 shares of the company’s stock worth $472,000 after buying an additional 281 shares during the last quarter. Finally, IBM Retirement Fund boosted its stake in Sempra Energy by 1.2% in the second quarter. IBM Retirement Fund now owns 32,582 shares of the company’s stock worth $3,830,000 after buying an additional 396 shares during the last quarter. 79.54% of the stock is owned by hedge funds and other institutional investors.
Sempra Energy (NYSE:SRE) traded up 0.22% during midday trading on Monday, hitting $104.24. The company had a trading volume of 348,835 shares. Sempra Energy has a 52 week low of $86.72 and a 52 week high of $114.66. The firm’s 50 day moving average is $105.58 and its 200-day moving average is $107.04. The firm has a market capitalization of $26.07 billion, a P/E ratio of 27.53 and a beta of 0.49.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company posted $1.03 EPS. Sempra Energy’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts expect that Sempra Energy will post $4.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Thursday, September 29th were paid a $0.755 dividend. The ex-dividend date was Tuesday, September 27th. This represents a $3.02 annualized dividend and a yield of 2.90%. Sempra Energy’s payout ratio is 79.68%.
A number of brokerages have recently weighed in on SRE. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Argus reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Sempra Energy has an average rating of “Hold” and an average target price of $110.87.
In other Sempra Energy news, SVP Trevor I. Mihalik sold 5,659 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total transaction of $604,720.74. Following the sale, the senior vice president now owns 2,615 shares in the company, valued at $279,438.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William P. Rutledge sold 5,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $107.20, for a total value of $536,000.00. Following the sale, the director now owns 10,838 shares in the company, valued at approximately $1,161,833.60. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
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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