(SRE) Shares Trading up at $117.45 Sempra Energy Announces Third-Quarter…

The firm owned 11,819,959 shares of the company's stock after buying an additional 67,319 shares during the period.

State Street Corp boosted its stake in shares of Sempra Energy (NYSE:SRE) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock.

The total amount of shares of a public company owned by anyone, including those held by institutional investors, the company's officers and its insiders, is referred to as its shares outstanding. LLC lifted its holdings in Sempra Energy by 28.7% in the first quarter. Stratos Wealth Partners LTD. now owns 4,287 shares of the company's stock valued at $489,000 after buying an additional 140 shares during the period. The value of the total investment in Sempra Energy went from $8,216,000 to $8,319,000 a change of $103,000 quarter to quarter. Northern Trust Corp now owns 3,148,064 shares of the utilities provider's stock worth $354,945,000 after purchasing an additional 439,359 shares in the last quarter.

The biggest institutional shareholders in Sempra Energy include Vanguard Group Inc which owns 18 million shares in the company valued at $2.01 B million.

The company is up since yesterday's close of 115.64. Sempra Energy has a 52-week low of $92.95 and a 52-week high of $120.17. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 17.10 and a beta of 0.55.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 2nd. -EPS Growth (Y-o-Y): 2.0% -Analysts Estimate: $1.05 -Revenue (Q3): $2.68 Bln vs. $2.54 Bln a year ago.

The company said revenue for the quarter rose 5.5% to $2.68 billion. During the same period in the prior year, the business posted $0.79 earnings per share. For the quarter ending Mar-18, 1 analyst has a mean sales target of 3,259.29 million whilst for the year ending Dec-17, 8 analysts have a mean target of 11,060.40 million. Adjusted earnings in last year's third quarter excluded a US$350 million after-tax remeasurement gain related to the acquisition of PEMEX's share of the Gasoductos de Chihuahua (GdC) joint venture by Sempra Energy's Mexican subsidiary IEnova, a US$78 million after-tax gain on the sale of EnergySouth and net after-tax losses of US$65 million related to the planned sale of IEnova's Termoeléctrica de Mexicali (TdM) power plant.

The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Friday, September 22nd were given a dividend of $0.8225 per share.

Sempra Energy most recently reported earnings per share (EPS) of $1.1 for the June 2017 versus $0.79 in the same quarter a year ago, representing 39% growth. The ex-dividend date was set for Thursday the 21st of September 2017. Sempra Energy's dividend payout ratio (DPR) is 48.74%.

SRE has been the subject of a number of analyst reports. They set a "buy" rating and a $125.00 target price for the company.

The consensus recommendation rating is a Moderate Buy What is Wall Street saying about Sempra Energy Inc (SRE) these days?

Receive Sempra Energy News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy with's FREE daily email newsletter. Finally, BidaskClub lowered Sempra Energy from a "hold" rating to a "sell" rating in a research report on Monday, July 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Sempra Energy now has a consensus rating of "Buy" and an average target price of $124.30.

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