Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,302 shares of the utilities provider’s stock, valued at approximately $148,000.
Several other large investors have also made changes to their positions in SRE. ELM Advisors LLC purchased a new stake in shares of Sempra Energy in the third quarter valued at approximately $101,000. Squar Milner Financial Services LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at approximately $105,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at approximately $185,000. Signaturefd LLC boosted its holdings in shares of Sempra Energy by 191.5% in the second quarter. Signaturefd LLC now owns 1,603 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 1,053 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of Sempra Energy in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
SRE has been the subject of a number of research reports. Morgan Stanley initiated coverage on Sempra Energy in a report on Friday, August 10th. They issued a “weight” rating for the company. Bank of America lowered their price target on Sempra Energy from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, September 26th. Argus boosted their price target on Sempra Energy to $130.00 and gave the company a “buy” rating in a report on Monday, July 9th. JPMorgan Chase & Co. set a $110.00 price target on Sempra Energy and gave the company a “hold” rating in a report on Monday, July 30th. Finally, Wells Fargo & Co set a $129.00 price target on Sempra Energy and gave the company a “buy” rating in a report on Monday, September 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $123.25.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.17. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, sell-side analysts predict that Sempra Energy will post 5.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 21st will be paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is 66.05%.
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.
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