2,672 Shares in Sempra Energy $SRE Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC bought a new stake in Sempra Energy (NYSE:SRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,672 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SRE. Byrne Asset Management LLC increased its stake in Sempra Energy by 73.9% in the 2nd quarter. Byrne Asset Management LLC now owns 6,835 shares of the utilities provider’s stock worth $518,000 after buying an additional 2,905 shares during the period. Czech National Bank raised its position in shares of Sempra Energy by 9.6% in the 2nd quarter. Czech National Bank now owns 159,413 shares of the utilities provider’s stock valued at $12,079,000 after purchasing an additional 13,931 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Sempra Energy by 58.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,250 shares of the utilities provider’s stock worth $246,000 after buying an additional 1,204 shares during the last quarter. Everpar Advisors LLC lifted its stake in Sempra Energy by 5.4% during the 2nd quarter. Everpar Advisors LLC now owns 4,185 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 216 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Sempra Energy by 26.7% during the 2nd quarter. Parallel Advisors LLC now owns 10,907 shares of the utilities provider’s stock valued at $826,000 after acquiring an additional 2,299 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SRE. Barclays lifted their target price on shares of Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sempra Energy in a report on Thursday, August 21st. Finally, Citigroup reissued a “neutral” rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.27.

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $82.01, for a total value of $419,399.14. Following the completion of the sale, the executive vice president owned 39,380 shares in the company, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 15,600 shares of the company’s stock, valued at $1,248,000. This trade represents a 9.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,554 shares of company stock valued at $2,976,117. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Stock Performance

Sempra Energy stock opened at $83.27 on Friday. The stock’s 50 day moving average price is $81.14 and its 200 day moving average price is $76.00. The firm has a market capitalization of $54.33 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. 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 has a one year low of $61.90 and a one year high of $95.77.

Sempra Energy (NYSE:SRE) last announced its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.35 billion. During the same period in the prior year, the company posted $0.89 EPS. Sempra Energy’s quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Sempra Energy’s dividend payout ratio is currently 62.32%.

Sempra Energy Company 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.