Arizona State Retirement System Grows Holdings in Sempra Energy (SRE)

Arizona State Retirement System raised its stake in Sempra Energy (NYSE:SRE) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 148,390 shares of the utilities provider’s stock after buying an additional 4,867 shares during the period. Arizona State Retirement System’s holdings in Sempra Energy were worth $16,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock valued at $3,950,000 after purchasing an additional 460 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Sempra Energy by 4.1% in the third quarter. Gateway Investment Advisers LLC now owns 11,582 shares of the utilities provider’s stock valued at $1,317,000 after purchasing an additional 461 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Sempra Energy by 6.2% in the third quarter. Gradient Investments LLC now owns 8,315 shares of the utilities provider’s stock valued at $946,000 after purchasing an additional 488 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock valued at $4,813,000 after purchasing an additional 496 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position in shares of Sempra Energy by 11.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock valued at $552,000 after acquiring an additional 496 shares during the period. Hedge funds and other institutional investors own 88.28% of the company’s stock.

Shares of Sempra Energy stock opened at $111.80 on Wednesday. The stock has a market capitalization of $30.85 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39. Sempra Energy has a 52-week low of $100.49 and a 52-week high of $127.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54.



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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 21st were given a dividend of $0.895 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $3.58 annualized dividend and a yield of 3.20%. Sempra Energy’s dividend payout ratio is 66.05%.

A number of equities research analysts have recently issued reports on SRE shares. Wells Fargo & Co raised shares of Sempra Energy from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $125.00 to $128.00 in a research report on Monday, August 20th. Bank of America raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $126.00 in a research report on Thursday, October 11th. Morgan Stanley reissued an “equal weight” rating on shares of Sempra Energy in a research report on Friday, August 17th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. set a $110.00 target price on shares of Sempra Energy and gave the company a “hold” rating in a research report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $123.25.

About Sempra Energy

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.

Recommended Story: Call Option

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

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

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply