According to Zacks, “Sempra Energy continues to face headwinds in the form of stringent government regulations and operational risks. Further it is exposed to foreign currency risks because of its international presence and has to invest substantially to expand its operations. Also a few pending regulatory cases for Sempra Energy’s regulated utilities are subject to approvals by regulatory bodies. Any adverse decision in the upcoming General Rate Case and Cost-of-Capital proceedings will substantially affect its utility earnings. However, the company’s future cash inflow will likely get tailwinds from LNG development prospects and renewable expansion. Steady focus on the expansion of its renewable capacity will enable the company to provide emission-free power to its customers. It is also confident of attaining 12% earnings CAGR through 2020 backed by these factors.”
Separately, Argus reissued a buy rating on shares of Sempra Energy in a research report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Sempra Energy has a consensus rating of Hold and an average target price of $110.87.
Shares of Sempra Energy (NYSE:SRE) traded up 0.92% on Wednesday, reaching $104.44. 205,919 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $105.71 and its 200-day moving average price is $107.05. Sempra Energy has a 1-year low of $86.72 and a 1-year high of $114.66. The company has a market capitalization of $26.12 billion, a P/E ratio of 27.58 and a beta of 0.49.
Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Analysts anticipate that Sempra Energy will post $4.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Thursday, September 29th will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, September 27th. Sempra Energy’s dividend payout ratio (DPR) is presently 79.68%.
In other Sempra Energy news, Director William P. Rutledge sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 10,838 shares of the company’s stock, valued at approximately $1,161,833.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Trevor I. Mihalik sold 5,659 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the completion of the sale, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at $279,438.90. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Sempra Energy by 77.2% in the first quarter. Wellington Management Group LLP now owns 3,101,489 shares of the company’s stock worth $322,709,000 after buying an additional 1,351,160 shares during the period. Geode Capital Management LLC increased its stake in shares of Sempra Energy by 2.9% in the first quarter. Geode Capital Management LLC now owns 1,951,443 shares of the company’s stock worth $202,645,000 after buying an additional 54,268 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Sempra Energy during the first quarter worth $13,002,000. AXA increased its stake in shares of Sempra Energy by 11.2% in the first quarter. AXA now owns 220,800 shares of the company’s stock worth $22,974,000 after buying an additional 22,200 shares during the period. Finally, UBS Group AG increased its stake in shares of Sempra Energy by 184.8% in the first quarter. UBS Group AG now owns 541,704 shares of the company’s stock worth $56,365,000 after buying an additional 351,503 shares during the period. 79.54% of the stock is owned by hedge funds and other institutional investors.
Sempra Energy Company Profile
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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