Sciencast Management LP decreased its stake in Sempra Energy (NYSE:SRE) by 64.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,659 shares of the utilities provider’s stock after selling 6,681 shares during the quarter. Sciencast Management LP’s holdings in Sempra Energy were worth $445,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in Sempra Energy in the 1st quarter worth approximately $33,000. Pearl River Capital LLC acquired a new position in shares of Sempra Energy during the first quarter worth $34,000. Regal Wealth Group Inc. purchased a new position in shares of Sempra Energy in the second quarter valued at $54,000. Horrell Capital Management Inc. acquired a new stake in Sempra Energy during the 1st quarter valued at $56,000. Finally, Truvestments Capital LLC purchased a new stake in Sempra Energy during the 1st quarter worth $56,000. Institutional investors and hedge funds own 83.41% of the company’s stock.
NYSE SRE opened at $124.46 on Friday. Sempra Energy has a one year low of $88.00 and a one year high of $161.87. The company has a 50-day simple moving average of $121.35 and a 200-day simple moving average of $130.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.43 and a current ratio of 0.45. The firm has a market capitalization of $36.41 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.71.
Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, May 4th. The utilities provider reported $3.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.82. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.24 billion. Sempra Energy had a net margin of 22.32% and a return on equity of 11.30%. Sempra Energy’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. Equities analysts forecast that Sempra Energy will post 7.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th were given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, June 25th. Sempra Energy’s dividend payout ratio is presently 61.65%.
SRE has been the subject of a number of analyst reports. Bank of America raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Friday, June 12th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Monday, April 13th. JPMorgan Chase & Co. cut their target price on Sempra Energy from $139.00 to $136.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. BMO Capital Markets raised their price target on shares of Sempra Energy from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $146.13.
In other news, CFO Trevor I. Mihalik sold 10,281 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $124.16, for a total transaction of $1,276,488.96. Following the completion of the transaction, the chief financial officer now owns 15,464 shares of the company’s stock, valued at $1,920,010.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% 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.
Read More: Cost of Capital
Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.