Raymond James Trust N.A. boosted its holdings in Sempra Energy (NYSE:SRE) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,773 shares of the utilities provider’s stock after purchasing an additional 867 shares during the quarter. Raymond James Trust N.A.’s holdings in Sempra Energy were worth $1,618,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in Sempra Energy in the fourth quarter worth approximately $653,205,000. Northern Trust Corp increased its holdings in Sempra Energy by 1.5% in the first quarter. Northern Trust Corp now owns 3,633,635 shares of the utilities provider’s stock worth $457,329,000 after purchasing an additional 51,955 shares in the last quarter. Geode Capital Management LLC increased its holdings in Sempra Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after purchasing an additional 253,809 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in Sempra Energy by 3.1% in the first quarter. Magellan Asset Management Ltd now owns 1,934,817 shares of the utilities provider’s stock worth $243,516,000 after purchasing an additional 57,861 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Sempra Energy by 18.1% in the first quarter. California Public Employees Retirement System now owns 1,504,162 shares of the utilities provider’s stock worth $189,314,000 after purchasing an additional 230,974 shares in the last quarter. Institutional investors and hedge funds own 97.11% of the company’s stock.

SRE has been the subject of a number of research analyst reports. KeyCorp began coverage on Southern in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. Bank of America set a $420.00 price objective on Boeing and gave the company a “hold” rating in a research note on Thursday, June 27th. Morgan Stanley set a $123.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 23rd. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research cut Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Sempra Energy has a consensus rating of “Hold” and an average target price of $138.38.

Shares of Sempra Energy stock opened at $140.26 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.38 and a debt-to-equity ratio of 1.15. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $141.86. The firm has a 50 day moving average price of $138.42. The firm has a market capitalization of $38.49 billion, a PE ratio of 25.18, a PEG ratio of 3.02 and a beta of 0.46.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.23. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts expect that Sempra Energy will post 6.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, July 5th were paid a $0.9675 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $3.87 dividend on an annualized basis and a yield of 2.76%. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.

In related news, CAO Peter R. Wall sold 723 shares of Sempra Energy stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $135.47, for a total transaction of $97,944.81. Following the transaction, the chief accounting officer now owns 2,359 shares of the company’s stock, valued at $319,573.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph A. Householder sold 50,400 shares of Sempra Energy stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total value of $6,793,920.00. Following the transaction, the insider now directly owns 55,115 shares in the company, valued at approximately $7,429,502. The disclosure for this sale can be found here. Insiders sold 60,515 shares of company stock valued at $8,148,984 in the last three months. Insiders own 0.13% of the company’s stock.

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 generates, transmits, and distributes electricity; and supplies natural gas.

Further Reading: Asset Allocation, Balancing Your Investments

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

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