Wealth Enhancement Advisory Services LLC Invests $1.64 Million in Sempra Energy (SRE) Stock

Share on StockTwits

Wealth Enhancement Advisory Services LLC bought a new position in shares of Sempra Energy (NYSE:SRE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,585 shares of the utilities provider’s stock, valued at approximately $1,643,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of Sempra Energy by 23.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 44,632 shares of the utilities provider’s stock worth $5,182,000 after buying an additional 8,563 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Sempra Energy by 3.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 65,516 shares of the utilities provider’s stock worth $7,450,000 after buying an additional 1,990 shares in the last quarter. Personal Capital Advisors Corp raised its holdings in shares of Sempra Energy by 66.6% during the 3rd quarter. Personal Capital Advisors Corp now owns 11,835 shares of the utilities provider’s stock worth $1,346,000 after buying an additional 4,730 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Sempra Energy by 7.2% during the 3rd quarter. DNB Asset Management AS now owns 41,026 shares of the utilities provider’s stock worth $4,667,000 after buying an additional 2,739 shares in the last quarter. Finally, World Asset Management Inc raised its holdings in shares of Sempra Energy by 3.2% during the 3rd quarter. World Asset Management Inc now owns 16,846 shares of the utilities provider’s stock worth $1,916,000 after buying an additional 527 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Peter R. Wall sold 1,049 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $112.26, for a total transaction of $117,760.74. Following the sale, the vice president now owns 2,815 shares in the company, valued at approximately $316,011.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph A. Householder sold 11,600 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $115.14, for a total value of $1,335,624.00. Following the sale, the insider now owns 95,527 shares in the company, valued at approximately $10,998,978.78. The disclosure for this sale can be found here. Insiders have sold a total of 17,649 shares of company stock worth $1,988,835 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

SRE has been the subject of a number of research analyst reports. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 7th. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Thursday, December 13th. Guggenheim restated a “buy” rating and set a $133.00 price objective on shares of Sempra Energy in a research report on Monday, January 7th. Finally, Wells Fargo & Co boosted their price objective on Sempra Energy from $129.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $125.43.

Shares of SRE stock opened at $117.92 on Friday. The firm has a market cap of $32.30 billion, a P/E ratio of 21.26, a PEG ratio of 2.39 and a beta of 0.51. Sempra Energy has a twelve month low of $100.49 and a twelve month high of $127.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.73 billion. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. Sempra Energy’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. Equities research analysts expect that Sempra Energy will post 5.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a dividend of $0.895 per share. The ex-dividend date was Friday, December 28th. This represents a $3.58 dividend on an annualized basis and a yield of 3.04%. Sempra Energy’s dividend payout ratio is currently 66.05%.

ILLEGAL ACTIVITY WARNING: “Wealth Enhancement Advisory Services LLC Invests $1.64 Million in Sempra Energy (SRE) Stock” was published by Macon Daily and is the property of of Macon Daily. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://macondaily.com/2019/02/09/wealth-enhancement-advisory-services-llc-invests-1-64-million-in-sempra-energy-sre-stock.html.

Sempra Energy Profile

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.

Featured Article: Retained Earnings

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply