Sempra Energy $SRE Shares Bought by Financial Perspectives Inc

Financial Perspectives Inc raised its position in Sempra Energy (NYSE:SRE) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,255 shares of the utilities provider’s stock after acquiring an additional 198 shares during the period. Financial Perspectives Inc’s holdings in Sempra Energy were worth $474,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its stake in shares of Sempra Energy by 10.3% in the 1st quarter. Jacobi Capital Management LLC now owns 5,641 shares of the utilities provider’s stock worth $403,000 after acquiring an additional 526 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Sempra Energy by 21.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,656,805 shares of the utilities provider’s stock worth $260,950,000 after acquiring an additional 648,530 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sempra Energy by 7.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,495,527 shares of the utilities provider’s stock worth $249,435,000 after acquiring an additional 229,045 shares during the period. Energy Income Partners LLC lifted its stake in shares of Sempra Energy by 2.5% in the 1st quarter. Energy Income Partners LLC now owns 2,182,448 shares of the utilities provider’s stock worth $155,739,000 after acquiring an additional 52,838 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Sempra Energy by 46.0% in the 1st quarter. Panagora Asset Management Inc. now owns 37,501 shares of the utilities provider’s stock worth $2,676,000 after acquiring an additional 11,811 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Energy Stock Performance

NYSE:SRE opened at $91.26 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $85.25 and a two-hundred day moving average price of $78.84. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The company has a market capitalization of $59.54 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66.

Sempra Energy (NYSE:SRE) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, beating 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 firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts expect that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Sempra Energy from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Citigroup reiterated a “neutral” rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Barclays increased their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, October 8th. Finally, Mizuho increased their price target on shares of Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.09.

Insider Transactions at Sempra Energy

In other news, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total value of $419,399.14. Following the completion of the transaction, the executive vice president owned 39,380 shares of the company’s stock, valued at $3,229,553.80. The trade was a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin C. Sagara sold 14,433 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $89.50, for a total transaction of $1,291,753.50. Following the completion of the transaction, the director directly owned 1,042 shares of the company’s stock, valued at approximately $93,259. This represents a 93.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,987 shares of company stock worth $4,267,870 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

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.