Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading on Thursday. $40.14 million flowed into the stock on the tick-up and $106.54 million flowed out of the stock on the tick-down, for a money net flow of $66.40 million out of the stock. Of all companies tracked, Sempra Energy had the 13th highest net out-flow for the day. Sempra Energy traded up $1.04 for the day and closed at $114.09
A number of equities analysts recently commented on the company. BidaskClub upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. Morgan Stanley increased their price objective on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upgraded Sempra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $129.00 in a report on Wednesday, October 11th. Finally, Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $124.22.
The company has a market capitalization of $28.65 billion, a PE ratio of 16.87 and a beta of 0.55. The stock has a 50 day moving average price of $116.05 and a 200 day moving average price of $114.33.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. Equities analysts forecast that Sempra Energy will post $5.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Friday, September 22nd were given a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, September 21st. Sempra Energy’s dividend payout ratio (DPR) is 48.74%.
Several large investors have recently bought and sold shares of SRE. BlackRock Inc. increased its position in shares of Sempra Energy by 2,725.7% during the 1st quarter. BlackRock Inc. now owns 19,968,824 shares of the utilities provider’s stock worth $2,206,556,000 after purchasing an additional 19,262,128 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Sempra Energy by 240.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after purchasing an additional 905,963 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Sempra Energy during the 2nd quarter worth approximately $85,559,000. Capital International Investors increased its position in shares of Sempra Energy by 7.1% during the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock worth $1,126,747,000 after purchasing an additional 661,199 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Sempra Energy by 1,806.5% during the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock worth $68,288,000 after purchasing an additional 573,891 shares during the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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