Forsta AP Fonden Purchases 2,300 Shares of Sempra Energy $SRE

Forsta AP Fonden boosted its position in shares of Sempra Energy (NYSE:SRE) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,500 shares of the utilities provider’s stock after buying an additional 2,300 shares during the quarter. Forsta AP Fonden’s holdings in Sempra Energy were worth $10,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of Sempra Energy by 38.8% in the first quarter. CWM LLC now owns 20,463 shares of the utilities provider’s stock valued at $1,460,000 after acquiring an additional 5,716 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Sempra Energy by 1.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider’s stock worth $583,000 after purchasing an additional 133 shares during the period. Larson Financial Group LLC grew its stake in shares of Sempra Energy by 107.2% in the first quarter. Larson Financial Group LLC now owns 10,819 shares of the utilities provider’s stock worth $772,000 after purchasing an additional 5,598 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Sempra Energy by 41.4% in the first quarter. Cullen Frost Bankers Inc. now owns 2,104 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 616 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC increased its holdings in Sempra Energy by 4.5% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 7,216 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin C. Sagara sold 28,864 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 15,475 shares of the company’s stock, valued at $1,303,149.75. This trade represents a 65.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alexander Lisa Larroque sold 4,322 shares of Sempra Energy stock in a transaction 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 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 47,619 shares of company stock valued at $4,122,392. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $99.00 price objective on shares of Sempra Energy in a report on Wednesday, October 22nd. Evercore ISI set a $105.00 price target on Sempra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, October 8th. Barclays decreased their price objective on shares of Sempra Energy from $101.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Mizuho raised their target price on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $95.42.

Sempra Energy Price Performance

Shares of SRE stock opened at $92.23 on Friday. The business’s fifty day moving average is $89.26 and its 200 day moving average is $81.85. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a market cap of $60.20 billion, a price-to-earnings ratio of 22.28, a PEG 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 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 company 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%. Sempra Energy’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Research analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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