Sempra Energy $SRE Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC cut its holdings in Sempra Energy (NYSE:SRE) by 3.2% during the 2nd quarter, Holdings Channel reports. The firm owned 10,515 shares of the utilities provider’s stock after selling 347 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Sempra Energy were worth $797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pingora Partners LLC grew its position in shares of Sempra Energy by 48.3% in the first 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. grew its position in shares of Sempra Energy by 230.8% in the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank grew its position in shares of Sempra Energy by 73.7% in the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 246 shares during the last quarter. Barrett & Company Inc. acquired a new stake in shares of Sempra Energy in the second quarter valued at approximately $51,000. Finally, Spire Wealth Management grew its position in shares of Sempra Energy by 44.7% in the first quarter. Spire Wealth Management now owns 1,026 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 317 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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 research report on Tuesday, August 26th. Morgan Stanley reissued an “overweight” rating and set a $93.00 price objective (up previously from $86.00) on shares of Sempra Energy in a research note on Wednesday, September 24th. Evercore ISI set a $105.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. BMO Capital Markets upped their price objective on shares of Sempra Energy from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Citigroup reissued a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.09.

Insider Transactions at Sempra Energy

In other news, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction dated 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 directly owned 15,600 shares of the company’s stock, valued at approximately $1,248,000. The trade was a 9.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin C. Sagara sold 14,433 shares of Sempra Energy stock in a transaction dated 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 $93,259. This trade represents a 93.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,987 shares of company stock valued at $4,267,870. Insiders own 0.27% of the company’s stock.

Sempra Energy Stock Performance

Shares of SRE stock opened at $91.26 on Monday. The company’s fifty day simple moving average is $85.25 and its 200-day simple moving average is $78.84. The company has a market cap of $59.54 billion, a PE ratio of 22.04, a P/E/G ratio of 2.81 and a beta of 0.66. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. As a group, equities research analysts anticipate that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.645 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Sempra Energy’s payout ratio is presently 62.32%.

Sempra Energy Company 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.