Pennsylvania Trust Co Takes Position in Sempra Energy (NYSE:SRE)

Pennsylvania Trust Co Takes Position in Sempra Energy (NYSE:SRE)

Pennsylvania Trust Co acquired a new stake in shares of Sempra Energy (NYSE:SRE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 441,995 shares of the utilities provider’s stock, valued at approximately $36,745,000. Sempra Energy accounts for approximately 1.1% of Pennsylvania Trust Co’s investment portfolio, making the stock its 19th biggest position. Pennsylvania Trust Co owned 0.16% of Sempra Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Sempra Energy in the fourth quarter valued at about $25,000. Global Retirement Partners LLC grew its stake in shares of Sempra Energy by 361.5% in the fourth quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 188 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Sempra Energy by 10,582.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares in the last quarter. 1 North Wealth Services LLC acquired a new position in shares of Sempra Energy in the fourth quarter valued at about $30,000. Finally, Johnson Financial Group Inc. grew its stake in shares of Sempra Energy by 1,285.0% in the fourth quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.

Shares of SRE traded up $0.05 during mid-day trading on Wednesday, reaching $125.76. The company had a trading volume of 1,301,500 shares, compared to its average volume of 1,673,583. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $130.00. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 1.27. The company has a market cap of $34.64 billion, a P/E ratio of 22.58, a PEG ratio of 2.54 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.23. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $3.12 billion. Sempra Energy had a net margin of 8.73% and a return on equity of 9.54%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. On average, equities analysts forecast that Sempra Energy will post 6.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a $0.9675 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 21st. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.90. Sempra Energy’s dividend payout ratio (DPR) is 69.48%.

In related news, VP G Joyce Rowland sold 2,393 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the completion of the transaction, the vice president now owns 12,461 shares in the company, valued at approximately $1,506,036.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lynn Schenk sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $644,600.00. Following the transaction, the director now owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on SRE shares. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Argus increased their price objective on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price objective on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $130.43.

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

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