Intrua Financial LLC Sells 1,116 Shares of Sempra Energy $SRE

Intrua Financial LLC lessened its stake in shares of Sempra Energy (NYSE:SRE) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,130 shares of the utilities provider’s stock after selling 1,116 shares during the quarter. Intrua Financial LLC’s holdings in Sempra Energy were worth $540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Sempra Energy by 38.8% during the 1st quarter. CWM LLC now owns 20,463 shares of the utilities provider’s stock worth $1,460,000 after purchasing an additional 5,716 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Sempra Energy by 41.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,104 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 616 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Sempra Energy by 17.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 18,276 shares of the utilities provider’s stock valued at $1,305,000 after buying an additional 2,733 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Sempra Energy by 335.8% during the first quarter. Diversify Advisory Services LLC now owns 11,697 shares of the utilities provider’s stock valued at $881,000 after acquiring an additional 9,013 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Sempra Energy during the 1st quarter worth about $274,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. BMO Capital Markets raised their price target on shares of Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Jefferies Financial Group set a $89.00 price target on shares of Sempra Energy and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Morgan Stanley reissued an “overweight” rating and set a $99.00 price objective on shares of Sempra Energy in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Insider Buying and Selling

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 of the company’s stock, valued at $1,303,149.75. The trade was a 65.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alexander Lisa Larroque sold 4,322 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $92.55, for a total value of $400,001.10. Following the transaction, the senior vice president directly owned 11,325 shares of the company’s stock, valued at $1,048,128.75. The trade was a 27.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,619 shares of company stock worth $4,122,392 over the last quarter. Company insiders own 0.27% of the company’s stock.

Sempra Energy Stock Down 0.2%

Shares of NYSE:SRE opened at $92.00 on Friday. The stock has a market cap of $60.04 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.84 and a beta of 0.68. The business’s 50 day moving average is $89.48 and its 200 day moving average is $81.97. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.77. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.27. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. On average, sell-side analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.645 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $2.58 annualized dividend and a yield of 2.8%. Sempra Energy’s payout ratio is 79.14%.

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.