Sempra Energy (NYSE:SRE) VP G Joyce Rowland sold 3,948 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $109.81, for a total value of $433,529.88. Following the sale, the vice president now owns 2,655 shares of the company’s stock, valued at $291,545.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE SRE traded down $0.72 on Thursday, reaching $110.27. 1,693,670 shares of the company were exchanged, compared to its average volume of 2,434,992. The firm has a market capitalization of $28,514.61, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.22 and a beta of 0.49. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.46 and a current ratio of 0.50. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.14. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.82 billion. Sempra Energy had a return on equity of 8.86% and a net margin of 2.28%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. sell-side analysts forecast that Sempra Energy will post 5.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Friday, March 23rd will be paid a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, March 22nd. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.82. Sempra Energy’s dividend payout ratio is 66.05%.
Several institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC lifted its stake in shares of Sempra Energy by 10.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,786 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 457 shares during the last quarter. DnB Asset Management AS lifted its stake in shares of Sempra Energy by 1.5% in the 4th quarter. DnB Asset Management AS now owns 32,887 shares of the utilities provider’s stock valued at $3,516,000 after purchasing an additional 500 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in shares of Sempra Energy by 16.9% in the 4th quarter. Mechanics Bank Trust Department now owns 3,555 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 515 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Sempra Energy by 8.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the utilities provider’s stock valued at $805,000 after purchasing an additional 579 shares during the last quarter. Finally, Horizon Investment Services LLC lifted its stake in shares of Sempra Energy by 10.0% in the 4th quarter. Horizon Investment Services LLC now owns 6,416 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 581 shares during the last quarter. 82.43% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. JPMorgan Chase reiterated a “neutral” rating and set a $104.00 price target (down from $112.00) on shares of Sempra Energy in a research report on Tuesday, March 6th. Guggenheim reiterated a “buy” rating and set a $122.00 price target on shares of Sempra Energy in a research report on Friday, February 23rd. Wells Fargo reiterated a “buy” rating and set a $120.00 price target (down from $121.00) on shares of Sempra Energy in a research report on Wednesday, February 28th. Finally, TheStreet cut Sempra Energy from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $120.18.
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About Sempra Energy
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.
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