Eaton Vance Management Has $154.31 Million Holdings in Sempra Energy (NYSE:SRE)

Eaton Vance Management increased its stake in Sempra Energy (NYSE:SRE) by 4.9% in the first quarter, Holdings Channel.com reports. The firm owned 1,163,867 shares of the utilities provider’s stock after purchasing an additional 54,612 shares during the quarter. Eaton Vance Management’s holdings in Sempra Energy were worth $154,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Logan Capital Management Inc. bought a new stake in Sempra Energy during the 1st quarter worth about $30,000. Wealthcare Advisory Partners LLC bought a new stake in Sempra Energy during the 1st quarter worth about $31,000. HBC Financial Services PLLC bought a new stake in Sempra Energy during the 1st quarter worth about $34,000. CVA Family Office LLC bought a new stake in Sempra Energy during the 1st quarter worth about $38,000. Finally, Vantage Consulting Group Inc bought a new stake in shares of Sempra Energy in the 4th quarter valued at about $40,000. 84.01% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Sempra Energy from $151.00 to $145.00 and set a “market perform” rating on the stock in a report on Friday, June 25th. Wells Fargo & Company upped their target price on shares of Sempra Energy from $148.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, June 30th. KeyCorp dropped their target price on shares of Sempra Energy from $141.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 1st. Barclays upped their target price on shares of Sempra Energy from $145.00 to $158.00 and gave the company an “overweight” rating in a report on Tuesday, May 25th. Finally, Mizuho increased their price target on shares of Sempra Energy from $148.00 to $154.00 and gave the company a “buy” rating in a report on Monday, June 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sempra Energy currently has an average rating of “Buy” and a consensus target price of $148.43.

Sempra Energy stock opened at $130.30 on Thursday. The firm has a 50-day moving average of $135.99. Sempra Energy has a twelve month low of $112.33 and a twelve month high of $144.93. The company has a market cap of $39.45 billion, a PE ratio of 9.93, a P/E/G ratio of 3.32 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.57 and a current ratio of 0.61.

Sempra Energy (NYSE:SRE) last announced its earnings results on Wednesday, May 5th. The utilities provider reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.18. Sempra Energy had a net margin of 34.58% and a return on equity of 10.55%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business posted $2.47 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that Sempra Energy will post 8.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, July 7th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, July 6th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.38%. Sempra Energy’s payout ratio is presently 54.79%.

Sempra Energy Company Profile

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

Further Reading: S&P/ASX 200 Index

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

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