AdvisorNet Financial Inc Boosts Stake in Sempra Energy (NYSE:SRE)

AdvisorNet Financial Inc lifted its holdings in Sempra Energy (NYSE:SRE) by 847.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,071 shares of the utilities provider’s stock after buying an additional 958 shares during the period. AdvisorNet Financial Inc’s holdings in Sempra Energy were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SRE. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Sempra Energy by 1.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,899 shares of the utilities provider’s stock worth $21,006,000 after buying an additional 2,796 shares in the last quarter. Rockland Trust Co. lifted its stake in shares of Sempra Energy by 0.6% in the second quarter. Rockland Trust Co. now owns 119,487 shares of the utilities provider’s stock worth $16,422,000 after buying an additional 659 shares in the last quarter. First American Trust FSB lifted its stake in shares of Sempra Energy by 37.3% in the second quarter. First American Trust FSB now owns 54,835 shares of the utilities provider’s stock worth $7,536,000 after buying an additional 14,896 shares in the last quarter. Cooper Financial Group lifted its stake in shares of Sempra Energy by 10.3% in the second quarter. Cooper Financial Group now owns 3,175 shares of the utilities provider’s stock worth $436,000 after buying an additional 296 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Sempra Energy by 0.4% in the second quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after buying an additional 74 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Sempra Energy news, COO Joseph A. Householder sold 14,304 shares of Sempra Energy stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the completion of the sale, the chief operating officer now directly owns 45,991 shares in the company, valued at $6,586,371.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

SRE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Sempra Energy from $136.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price objective for the company in a research report on Tuesday, October 15th. Barclays initiated coverage on shares of Sempra Energy in a research report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price objective for the company. Wells Fargo & Co raised their price objective on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Argus raised their price objective on shares of Sempra Energy from $150.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $150.10.

Sempra Energy stock opened at $141.17 on Tuesday. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $148.90. The stock has a market cap of $40.65 billion, a P/E ratio of 25.34, a PEG ratio of 3.24 and a beta of 0.42. The company has a 50-day moving average price of $144.44 and a 200 day moving average price of $137.54. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, analysts forecast that Sempra Energy will post 6.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th were given a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, September 19th. Sempra Energy’s dividend payout ratio is presently 69.48%.

Sempra Energy 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.

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

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