Swiss National Bank increased its stake in Sempra Energy (NYSE:SRE) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 801,600 shares of the utilities provider’s stock after acquiring an additional 36,300 shares during the quarter. Swiss National Bank owned approximately 0.30% of Sempra Energy worth $93,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SRE. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Sempra Energy by 1.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock worth $3,950,000 after purchasing an additional 460 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of Sempra Energy by 7.3% during the first quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock worth $828,000 after purchasing an additional 504 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Sempra Energy by 15.3% during the second quarter. TRUE Private Wealth Advisors now owns 3,978 shares of the utilities provider’s stock worth $465,000 after buying an additional 529 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Sempra Energy by 9.0% during the second quarter. Wetherby Asset Management Inc. now owns 6,611 shares of the utilities provider’s stock worth $768,000 after buying an additional 546 shares during the period. Finally, Oakbrook Investments LLC increased its stake in shares of Sempra Energy by 5.5% during the second quarter. Oakbrook Investments LLC now owns 10,911 shares of the utilities provider’s stock worth $1,267,000 after buying an additional 569 shares during the period. 88.27% of the stock is owned by institutional investors.

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Sempra Energy from $120.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Wells Fargo & Co upgraded shares of Sempra Energy from a “market perform” rating to an “outperform” rating and increased their price target for the company from $125.00 to $128.00 in a research note on Monday, August 20th. Bank of America increased their price target on shares of Sempra Energy from $118.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. JPMorgan Chase & Co. set a $110.00 target price on shares of Sempra Energy and gave the stock a “hold” rating in a research report on Monday, July 30th. Finally, Argus raised their target price on shares of Sempra Energy to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and an average target price of $123.22.

Sempra Energy stock traded up $0.06 during midday trading on Friday, reaching $118.73. The company’s stock had a trading volume of 2,619,253 shares, compared to its average volume of 1,472,622. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $127.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.58. The company has a market cap of $32.21 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.73 and a beta of 0.39.

Sempra Energy (NYSE:SRE) last released its earnings results on Monday, August 6th. The utilities provider reported $1.35 EPS for the quarter, beating 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 positive return on equity of 8.69% and a negative net margin of 5.89%. Sempra Energy’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. sell-side analysts predict that Sempra Energy will post 5.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, September 20th. Sempra Energy’s dividend payout ratio (DPR) is presently 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.

See Also: Earnings Per Share (EPS) Explained

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

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