Sempra Energy (SRE) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its holdings in shares of Sempra Energy (NYSE:SRE) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,388 shares of the utilities provider’s stock after selling 3,070 shares during the period. Texas Permanent School Fund’s holdings in Sempra Energy were worth $6,983,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Sempra Energy by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 421,365 shares of the utilities provider’s stock worth $46,864,000 after acquiring an additional 2,684 shares in the last quarter. LPL Financial LLC boosted its holdings in Sempra Energy by 21.3% in the first quarter. LPL Financial LLC now owns 23,914 shares of the utilities provider’s stock worth $2,660,000 after acquiring an additional 4,198 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Sempra Energy by 18.2% in the 1st quarter. Summit Trail Advisors LLC now owns 13,353 shares of the utilities provider’s stock worth $1,296,000 after purchasing an additional 2,053 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Sempra Energy by 25.6% in the 1st quarter. Suntrust Banks Inc. now owns 33,560 shares of the utilities provider’s stock worth $3,731,000 after purchasing an additional 6,834 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its holdings in shares of Sempra Energy by 3.1% in the 2nd quarter. Gulf International Bank UK Ltd now owns 78,247 shares of the utilities provider’s stock worth $9,085,000 after purchasing an additional 2,330 shares in the last quarter. Institutional investors own 88.27% of the company’s stock.

SRE stock opened at $115.04 on Friday. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $127.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.58. The company has a market capitalization of $31.62 billion, a PE ratio of 21.23, a P/E/G ratio of 2.66 and a beta of 0.39.



Sempra Energy (NYSE:SRE) last posted its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.17. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Sempra Energy will post 5.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 21st were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 3.11%. The ex-dividend date was Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is presently 66.05%.

A number of equities analysts recently issued reports on SRE shares. Bank of America upgraded Sempra Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $126.00 in a report on Thursday, October 11th. Wells Fargo & Co set a $129.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a research note on Monday, September 17th. Argus raised their price objective on shares of Sempra Energy to $130.00 and gave the company a “buy” rating in a research note on Monday, July 9th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley set a $120.00 price objective on shares of Sempra Energy and gave the company an “equal weight” rating in a research note on Friday, August 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.25.

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 engages in the generation, transmission, and distribution of electricity.

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

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