Sempra Energy (NYSE:SRE) Shares Bought by Profund Advisors LLC

Profund Advisors LLC raised its stake in Sempra Energy (NYSE:SRE) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,331 shares of the utilities provider’s stock after purchasing an additional 573 shares during the quarter. Profund Advisors LLC’s holdings in Sempra Energy were worth $3,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SRE. Pictet Asset Management Ltd. boosted its holdings in Sempra Energy by 37.2% in the third quarter. Pictet Asset Management Ltd. now owns 2,481,248 shares of the utilities provider’s stock valued at $366,257,000 after acquiring an additional 672,259 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Sempra Energy by 355.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 291,639 shares of the utilities provider’s stock valued at $44,176,000 after acquiring an additional 227,552 shares in the last quarter. First Trust Advisors LP boosted its position in Sempra Energy by 34.4% during the 4th quarter. First Trust Advisors LP now owns 851,124 shares of the utilities provider’s stock valued at $128,928,000 after acquiring an additional 217,617 shares in the last quarter. Janus Henderson Group PLC boosted its position in Sempra Energy by 12.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,341,432 shares of the utilities provider’s stock valued at $203,194,000 after acquiring an additional 152,650 shares in the last quarter. Finally, Brookfield Public Securities Group LLC boosted its position in Sempra Energy by 15.4% during the 4th quarter. Brookfield Public Securities Group LLC now owns 1,104,949 shares of the utilities provider’s stock valued at $167,378,000 after acquiring an additional 147,170 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.

A number of research firms have recently weighed in on SRE. Argus raised their price objective on Sempra Energy from $156.00 to $163.00 and gave the stock a “buy” rating in a research report on Thursday, December 26th. UBS Group lowered their price objective on Sempra Energy from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp raised their price objective on Sempra Energy from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Barclays lowered their price objective on Sempra Energy from $152.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citigroup lowered their price objective on Sempra Energy from $167.00 to $152.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $148.40.

In related news, VP Dennis V. Arriola acquired 1,000 shares of Sempra Energy stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $100.73 per share, for a total transaction of $100,730.00. Following the purchase, the vice president now owns 44,794 shares of the company’s stock, valued at approximately $4,512,099.62. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Peter R. Wall sold 1,569 shares of Sempra Energy stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $156.84, for a total value of $246,081.96. Following the transaction, the chief accounting officer now owns 2,242 shares of the company’s stock, valued at approximately $351,635.28. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

SRE stock traded up $9.58 during midday trading on Thursday, reaching $123.60. The stock had a trading volume of 2,016,986 shares, compared to its average volume of 1,991,591. The stock has a market cap of $30.42 billion, a PE ratio of 17.07, a P/E/G ratio of 2.63 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.33 and a current ratio of 0.36. The firm has a fifty day simple moving average of $137.81 and a two-hundred day simple moving average of $145.44. Sempra Energy has a 52-week low of $88.00 and a 52-week high of $161.87.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, February 27th. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.07. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.80 billion. Sempra Energy had a return on equity of 9.65% and a net margin of 19.97%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.56 EPS. On average, sell-side analysts predict that Sempra Energy will post 7.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, March 20th will be paid a $1.045 dividend. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $4.18 dividend on an annualized basis and a yield of 3.38%. Sempra Energy’s dividend payout ratio (DPR) is 61.65%.

Sempra Energy Company Profile

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 generates, transmits, and distributes electricity; and supplies natural gas.

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

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