Raymond James Trust N.A. lifted its stake in Sempra Energy (NYSE:SRE) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 11,835 shares of the utilities provider’s stock after buying an additional 606 shares during the period. Raymond James Trust N.A.’s holdings in Sempra Energy were worth $1,347,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. ELM Advisors LLC acquired a new position in Sempra Energy during the third quarter worth approximately $101,000. Squar Milner Financial Services LLC acquired a new position in Sempra Energy during the second quarter worth approximately $105,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Sempra Energy during the third quarter worth approximately $148,000. Cornerstone Wealth Management LLC acquired a new position in Sempra Energy during the second quarter worth approximately $185,000. Finally, Signaturefd LLC increased its position in Sempra Energy by 191.5% during the second quarter. Signaturefd LLC now owns 1,603 shares of the utilities provider’s stock worth $186,000 after buying an additional 1,053 shares during the last quarter. 88.25% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. Bank of America raised Sempra Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $126.00 in a research report on Thursday, October 11th. Morgan Stanley set a $121.00 price target on Sempra Energy and gave the stock a “hold” rating in a research report on Friday, September 28th. Wells Fargo & Co set a $129.00 price target on Sempra Energy and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, JPMorgan Chase & Co. set a $110.00 price target on Sempra Energy and gave the stock a “hold” rating in a research report on Monday, July 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $123.25.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.17. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Sempra Energy will post 5.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 21st were issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Thursday, September 20th. Sempra Energy’s dividend payout ratio is presently 66.05%.
About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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