Mercer Global Advisors Inc. ADV raised its position in Sempra Energy (NYSE:SRE – Get Rating) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,306 shares of the utilities provider’s stock after acquiring an additional 2,099 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Sempra Energy were worth $3,447,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SRE. AMF Tjanstepension AB boosted its position in shares of Sempra Energy by 791.5% during the 4th quarter. AMF Tjanstepension AB now owns 1,356,502 shares of the utilities provider’s stock worth $209,740,000 after acquiring an additional 1,204,338 shares in the last quarter. ClearBridge Investments Ltd acquired a new stake in Sempra Energy during the first quarter worth approximately $130,223,000. Vanguard Group Inc. raised its holdings in Sempra Energy by 2.3% during the third quarter. Vanguard Group Inc. now owns 28,199,642 shares of the utilities provider’s stock worth $4,228,254,000 after purchasing an additional 625,052 shares in the last quarter. Invesco Ltd. raised its holdings in Sempra Energy by 22.2% during the first quarter. Invesco Ltd. now owns 2,287,516 shares of the utilities provider’s stock worth $384,577,000 after purchasing an additional 416,022 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Sempra Energy by 16.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,540,802 shares of the utilities provider’s stock valued at $381,066,000 after buying an additional 366,259 shares during the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.
Insider Buying and Selling
In other Sempra Energy news, CEO Jeffrey W. Martin sold 10,413 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $150.99, for a total transaction of $1,572,258.87. Following the completion of the transaction, the chief executive officer now owns 19,261 shares of the company’s stock, valued at $2,908,218.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jeffrey W. Martin sold 10,413 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $150.99, for a total value of $1,572,258.87. Following the completion of the transaction, the chief executive officer now owns 19,261 shares of the company’s stock, valued at $2,908,218.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey W. Martin sold 19,260 shares of Sempra Energy stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $146.09, for a total transaction of $2,813,693.40. Following the completion of the sale, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $146.09. The disclosure for this sale can be found here. Insiders sold 31,979 shares of company stock worth $4,728,393 in the last ninety days. Insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Sempra Energy Price Performance
SRE stock opened at $153.29 on Monday. The firm has a 50 day moving average of $151.42 and a 200-day moving average of $155.39. Sempra Energy has a 12-month low of $136.54 and a 12-month high of $176.47. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.86. The company has a market cap of $48.23 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.80 and a beta of 0.73.
Sempra Energy (NYSE:SRE – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.16. Sempra Energy had a return on equity of 10.28% and a net margin of 14.47%. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter last year, the business posted $2.91 earnings per share. The business’s revenue for the quarter was up 71.7% on a year-over-year basis. As a group, equities analysts expect that Sempra Energy will post 8.97 EPS for the current fiscal year.
Sempra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Wednesday, July 5th will be given a dividend of $1.19 per share. The ex-dividend date is Monday, July 3rd. This represents a $4.76 annualized dividend and a dividend yield of 3.11%. Sempra Energy’s dividend payout ratio is currently 61.34%.
About Sempra Energy
Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.
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