Gofen & Glossberg LLC IL decreased its position in Sempra Energy (NYSE:SRE) by 26.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,742 shares of the utilities provider’s stock after selling 992 shares during the period. Gofen & Glossberg LLC IL’s holdings in Sempra Energy were worth $293,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SRE. WESPAC Advisors SoCal LLC raised its stake in shares of Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy in the third quarter valued at about $153,000. Rocky Mountain Advisers LLC acquired a new stake in shares of Sempra Energy in the third quarter valued at about $183,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Sempra Energy in the second quarter valued at about $186,000. Finally, Zions Bancorporation increased its position in shares of Sempra Energy by 281.1% in the third quarter. Zions Bancorporation now owns 1,738 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 1,282 shares during the last quarter. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
SRE has been the topic of a number of recent research reports. Goldman Sachs Group raised Sempra Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Bank of America initiated coverage on Sempra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $121.00 target price (down previously from $130.00) on shares of Sempra Energy in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $122.33.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. research analysts expect that Sempra Energy will post 5.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.8225 per share. This represents a $3.29 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is presently 72.95%.
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.
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