Sempra Energy (SRE) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in shares of Sempra Energy (NYSE:SRE) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 356,465 shares of the utilities provider’s stock after selling 470 shares during the quarter. Prudential Financial Inc. owned about 0.14% of Sempra Energy worth $40,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRE. Shell Asset Management Co. increased its stake in Sempra Energy by 14.1% during the third quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock worth $6,961,000 after acquiring an additional 8,165 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sempra Energy by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock worth $454,591,000 after acquiring an additional 80,131 shares during the last quarter. Girard Partners LTD. increased its stake in Sempra Energy by 11.9% during the second quarter. Girard Partners LTD. now owns 3,234 shares of the utilities provider’s stock worth $365,000 after acquiring an additional 343 shares during the last quarter. Timber Hill LLC acquired a new stake in Sempra Energy during the second quarter worth about $1,104,000. Finally, Opus Capital Group LLC acquired a new stake in Sempra Energy during the second quarter worth about $563,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.

Several equities research analysts have commented on SRE shares. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. BidaskClub upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Morgan Stanley increased their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Wells Fargo & Company lowered their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $124.56.

Shares of Sempra Energy (NYSE:SRE) opened at $121.13 on Monday. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $121.70. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $30,413.03, a PE ratio of 22.43, a PEG ratio of 2.66 and a beta of 0.62.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm earned $1.02 EPS. Sempra Energy’s quarterly revenue was up 5.7% on a year-over-year basis. analysts expect that Sempra Energy will post 5.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.8225 per share. The ex-dividend date was Thursday, September 21st. This represents a $3.29 dividend on an annualized basis and a yield of 2.72%. Sempra Energy’s dividend payout ratio (DPR) is presently 72.95%.

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About Sempra Energy

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.

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

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