Sempra Energy $SRE Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Sempra Energy (NYSE:SRE) by 26.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,439 shares of the utilities provider’s stock after acquiring an additional 101,040 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.07% of Sempra Energy worth $36,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in Sempra Energy by 51.2% during the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Pingora Partners LLC lifted 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 worth $31,000 after buying an additional 140 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Sempra Energy by 245.1% in the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after buying an additional 299 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of Sempra Energy by 230.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after buying an additional 300 shares during the period. Finally, Bogart Wealth LLC grew its position in shares of Sempra Energy by 74.1% during the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after buying an additional 189 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SRE shares. Evercore ISI set a $105.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Citigroup reiterated a “neutral” rating and set a $80.00 price target (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Mizuho raised their price target on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company began coverage on Sempra Energy in a research report on Monday, October 27th. They issued an “overweight” rating and a $115.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Sempra Energy Stock Performance

SRE opened at $91.59 on Wednesday. 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 business’s 50 day moving average is $89.96 and its 200-day moving average is $82.30. The stock has a market cap of $59.78 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77.

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

Sempra Energy Announces Dividend

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

Insider Transactions at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 4,322 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $92.55, for a total value of $400,001.10. Following the completion of the sale, the senior vice president owned 11,325 shares of the company’s stock, valued at $1,048,128.75. This represents a 27.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin C. Sagara sold 14,433 shares of the 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 owned 1,042 shares of the company’s stock, valued at $93,259. This represents a 93.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 47,619 shares of company stock worth $4,122,392. Company insiders own 0.27% of the company’s stock.

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.