Partnervest Advisory Services LLC Has $2.09 Million Stake in Sempra Energy (SRE)

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Partnervest Advisory Services LLC increased its stake in shares of Sempra Energy (NYSE:SRE) by 67.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,360 shares of the utilities provider’s stock after acquiring an additional 7,390 shares during the period. Sempra Energy accounts for about 0.8% of Partnervest Advisory Services LLC’s holdings, making the stock its 22nd largest position. Partnervest Advisory Services LLC’s holdings in Sempra Energy were worth $2,088,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC boosted its stake in Sempra Energy by 18.2% during the 1st quarter. Summit Trail Advisors LLC now owns 13,353 shares of the utilities provider’s stock valued at $1,296,000 after purchasing an additional 2,053 shares during the period. Gulf International Bank UK Ltd lifted its position 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 acquiring an additional 2,330 shares during the period. DnB Asset Management AS lifted its position in shares of Sempra Energy by 7.6% in the 2nd quarter. DnB Asset Management AS now owns 38,287 shares of the utilities provider’s stock worth $4,446,000 after acquiring an additional 2,700 shares during the period. Bright Rock Capital Management LLC bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $7,663,000. Finally, Rockland Trust Co. bought a new stake in shares of Sempra Energy in the 2nd quarter worth approximately $13,681,000. 88.28% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy stock opened at $110.07 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 1.28. The company has a market cap of $30.85 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.59 and a beta of 0.39. Sempra Energy has a one year low of $100.49 and a one year high of $127.22.

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

The business also recently announced 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 was Thursday, September 20th. This represents a $3.58 annualized dividend and a dividend yield of 3.25%. Sempra Energy’s dividend payout ratio (DPR) is presently 66.05%.

A number of analysts have commented on SRE shares. Wells Fargo & Co upgraded Sempra Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $125.00 to $128.00 in a research report on Monday, August 20th. Bank of America upgraded Sempra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $120.00 to $126.00 in a research report on Thursday, October 11th. Morgan Stanley reiterated an “equal weight” rating on shares of Sempra Energy in a research report on Friday, August 17th. ValuEngine upgraded 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 price objective on Sempra Energy and gave the stock a “hold” rating in a research report on Monday, July 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sempra Energy presently 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.

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

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