Carroll Financial Associates Inc. Cuts Stake in Sempra Energy (NYSE:SRE)

Carroll Financial Associates Inc. reduced its stake in shares of Sempra Energy (NYSE:SRE) by 28.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761 shares of the utilities provider’s stock after selling 308 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Sempra Energy were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Sempra Energy by 0.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 140,411 shares of the utilities provider’s stock valued at $19,298,000 after purchasing an additional 1,000 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Sempra Energy by 83.3% in the second quarter. Assetmark Inc. now owns 372 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 169 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy in the second quarter valued at $47,000. National Pension Service grew its holdings in shares of Sempra Energy by 6.3% in the second quarter. National Pension Service now owns 290,084 shares of the utilities provider’s stock valued at $39,869,000 after purchasing an additional 17,229 shares in the last quarter. Finally, Dupont Capital Management Corp grew its holdings in shares of Sempra Energy by 53.7% in the second quarter. Dupont Capital Management Corp now owns 14,594 shares of the utilities provider’s stock valued at $2,006,000 after purchasing an additional 5,100 shares in the last quarter. 92.72% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on SRE shares. Bank of America lowered shares of Sempra Energy from a “buy” rating to a “neutral” rating and raised their target price for the company from $141.00 to $142.00 in a report on Thursday, June 27th. Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price for the company. in a report on Wednesday, July 24th. Argus raised their target price on shares of Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley raised their target price on shares of Sempra Energy from $147.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Co raised their target price on shares of Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $149.44.

In related news, COO Joseph A. Householder sold 14,304 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the sale, the chief operating officer now directly owns 45,991 shares in the company, valued at $6,586,371.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Shares of SRE opened at $145.49 on Friday. The company has a market cap of $40.06 billion, a PE ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 0.42. The business has a fifty day moving average of $143.12 and a 200 day moving average of $135.95. Sempra Energy has a 52-week low of $104.88 and a 52-week high of $148.14. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.32 billion. Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, research analysts anticipate that Sempra Energy will post 5.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be given a $0.9675 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.87 dividend on an annualized basis and a yield of 2.66%. Sempra Energy’s dividend payout ratio is presently 69.48%.

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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