Sempra Energy (SRE) is Duff & Phelps Investment Management Co.’s 10th Largest Position

Duff & Phelps Investment Management Co. reduced its stake in shares of Sempra Energy (NYSE:SRE) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,100 shares of the utilities provider’s stock after selling 420 shares during the period. Sempra Energy comprises 1.6% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 10th largest position. Duff & Phelps Investment Management Co.’s holdings in Sempra Energy were worth $112,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SRE. Guardian Life Insurance Co. of America raised its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust raised its stake in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares during the period. Financial Architects Inc raised its stake in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Sempra Energy during the first quarter worth about $170,000. Finally, Signaturefd LLC acquired a new stake in shares of Sempra Energy during the first quarter worth about $201,000. Hedge funds and other institutional investors own 80.51% of the company’s stock.

Sempra Energy (NYSE:SRE) opened at 116.06 on Friday. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97. The firm has a market capitalization of $29.14 billion, a P/E ratio of 17.17 and a beta of 0.54. The stock’s 50 day moving average price is $113.41 and its 200-day moving average price is $111.11.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.80 by $0.30. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. On average, analysts forecast that Sempra Energy will post $5.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, July 7th were issued a dividend of $0.8225 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $3.29 annualized dividend and a dividend yield of 2.83%. Sempra Energy’s payout ratio is currently 48.74%.

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A number of brokerages have issued reports on SRE. UBS AG reiterated a “buy” rating and set a $128.00 price target (up from $124.00) on shares of Sempra Energy in a research note on Tuesday, April 18th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley boosted their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sempra Energy currently has a consensus rating of “Buy” and an average target price of $121.00.

In related news, CEO Debra L. Reed sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the sale, the chief executive officer now directly owns 112,345 shares in the company, valued at approximately $12,743,293.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Sempra Energy Company Profile

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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

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