Laurel Wealth Advisors Inc. lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 17.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,148 shares of the utilities provider’s stock after purchasing an additional 1,962 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Sempra Energy were worth $1,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SRE. Squar Milner Financial Services LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $105,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Sempra Energy during the 1st quarter worth approximately $145,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $185,000. Signaturefd LLC boosted its position in shares of Sempra Energy by 191.5% during the 2nd quarter. Signaturefd LLC now owns 1,603 shares of the utilities provider’s stock worth $186,000 after acquiring an additional 1,053 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in shares of Sempra Energy during the 2nd quarter worth approximately $201,000. 88.22% of the stock is currently owned by institutional investors.

Shares of Sempra Energy stock opened at $118.87 on Tuesday. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $127.22. The company has a current ratio of 0.58, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $32.47 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.75 and a beta of 0.39.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.17. Sempra Energy had a negative net margin of 5.89% and a positive return on equity of 8.69%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. equities analysts anticipate that Sempra Energy will post 5.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 21st will be given a $0.895 dividend. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a yield of 3.01%. Sempra Energy’s dividend payout ratio is currently 66.05%.

Several analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Sempra Energy from $120.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Monday, May 21st. Wells Fargo & Co set a $129.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Monday. Bank of America increased their price target on shares of Sempra Energy from $118.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.33.

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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