Callan Family Office LLC Increases Holdings in Sempra Energy $SRE

Callan Family Office LLC grew its holdings in Sempra Energy (NYSE:SRE) by 234.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,587 shares of the utilities provider’s stock after acquiring an additional 8,824 shares during the period. Callan Family Office LLC’s holdings in Sempra Energy were worth $954,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Sempra Energy by 26.8% in the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider’s stock worth $3,474,236,000 after buying an additional 10,278,893 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Sempra Energy in the first quarter worth about $192,130,000. PointState Capital LP purchased a new stake in shares of Sempra Energy in the first quarter worth about $154,369,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Sempra Energy in the second quarter worth about $160,357,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Sempra Energy by 42.7% in the first quarter. JPMorgan Chase & Co. now owns 4,647,990 shares of the utilities provider’s stock worth $331,681,000 after buying an additional 1,391,433 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Trading Down 1.6%

SRE opened at $90.15 on Monday. The stock has a market cap of $58.82 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.78 and a beta of 0.66. The stock’s 50 day moving average price is $84.32 and its 200-day moving average price is $78.14. Sempra Energy has a one year low of $61.90 and a one 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.

Sempra Energy (NYSE:SRE) last announced 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 return on equity of 8.42% and a net margin of 20.28%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Sempra Energy’s revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $0.645 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 annualized dividend and a yield of 2.9%. Sempra Energy’s dividend payout ratio is 62.32%.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and issued a $80.00 target price (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Barclays boosted their price objective on Sempra Energy from $71.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Morgan Stanley reissued an “overweight” rating and set a $93.00 price objective (up from $86.00) on shares of Sempra Energy in a research note on Wednesday, September 24th. Finally, Mizuho boosted their price objective on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.09.

Insider Buying and Selling

In other Sempra Energy news, Director Kevin C. Sagara sold 28,864 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the completion of the sale, the director owned 15,475 shares in the company, valued at $1,303,149.75. This represents a 65.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total value of $126,080.00. Following the sale, the senior vice president owned 15,600 shares of the company’s stock, valued at approximately $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,987 shares of company stock valued at $4,267,870 over the last quarter. 0.27% of the stock is 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.