Mraz Amerine & Associates Inc. maintained its position in Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The firm owned 4,777 shares of the company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in Sempra Energy were worth $545,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SRE. Candriam Luxembourg S.C.A. raised its position in Sempra Energy by 20.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,101 shares of the company’s stock worth $1,038,000 after buying an additional 1,568 shares during the last quarter. Retirement Systems of Alabama raised its position in Sempra Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 120,837 shares of the company’s stock worth $13,778,000 after buying an additional 911 shares during the last quarter. UMB Bank N A MO raised its position in Sempra Energy by 4.9% in the second quarter. UMB Bank N A MO now owns 9,323 shares of the company’s stock worth $1,063,000 after buying an additional 437 shares during the last quarter. Conning Inc. raised its position 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. Finally, Strs Ohio raised its position in Sempra Energy by 12.1% in the second quarter. Strs Ohio now owns 865,404 shares of the company’s stock worth $98,673,000 after buying an additional 93,292 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.
Sempra Energy (NYSE:SRE) traded down 1.66% during mid-day trading on Tuesday, hitting $108.18. The company had a trading volume of 1,312,276 shares. The firm has a market capitalization of $27.06 billion, a PE ratio of 28.57 and a beta of 0.47. Sempra Energy has a 1-year low of $86.72 and a 1-year high of $114.66. The company has a 50 day moving average of $106.44 and a 200 day moving average of $106.92.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by $0.18. The business earned $2.16 billion during the quarter, compared to the consensus estimate of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. Analysts predict that Sempra Energy will post $4.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 29th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Tuesday, September 27th. Sempra Energy’s dividend payout ratio (DPR) is 79.68%.
A number of research analysts have commented on the company. Argus reaffirmed a “buy” rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. lowered Sempra Energy from a “conviction-buy” rating to a “neutral” rating and decreased their target price for the stock from $109.90 to $109.46 in a research report on Sunday, June 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $110.87.
In related news, Director William P. Rutledge sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $107.20, for a total value of $536,000.00. Following the completion of the transaction, the director now owns 10,838 shares of the company’s stock, valued at $1,161,833.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at approximately $279,438.90. The disclosure for this sale can be found here. 0.16% of the stock is currently 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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