Sempra Energy $SRE Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its position in Sempra Energy (NYSE:SRE) by 5.8% during the second quarter, HoldingsChannel reports. The firm owned 36,853 shares of the utilities provider’s stock after buying an additional 2,006 shares during the quarter. Blair William & Co. IL’s holdings in Sempra Energy were worth $2,792,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pingora Partners LLC increased its position in shares of Sempra Energy by 48.3% in the 1st quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 140 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Sempra Energy by 230.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Sempra Energy during the 1st quarter worth about $38,000. Eastern Bank raised its position in shares of Sempra Energy by 73.7% during the 1st quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 246 shares in the last quarter. Finally, Barrett & Company Inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $51,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, Director Kevin C. Sagara sold 28,864 shares of Sempra Energy stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $84.21, for a total value of $2,430,637.44. Following the transaction, the director directly owned 15,475 shares in the company, valued at approximately $1,303,149.75. This trade represents a 65.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the completion of the transaction, the senior vice president owned 15,600 shares in the company, valued at $1,248,000. This trade represents a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,987 shares of company stock worth $4,267,870. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SRE. BMO Capital Markets raised their target price on Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Mizuho raised their target price on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Evercore ISI set a $105.00 target price on Sempra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Morgan Stanley reissued an “overweight” rating and set a $93.00 target price (up previously from $86.00) on shares of Sempra Energy in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.09.

Sempra Energy Trading Up 1.0%

Shares of Sempra Energy stock opened at $91.10 on Tuesday. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. The company has a market capitalization of $59.44 billion, a P/E ratio of 22.00, a PEG ratio of 2.78 and a beta of 0.66. The company’s fifty day moving average is $84.48 and its two-hundred day moving average is $78.29.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm posted $0.89 EPS. Sempra Energy’s revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.645 dividend. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Sempra Energy’s dividend payout ratio (DPR) is 62.32%.

Sempra Energy Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.