Sempra Energy $SRE Holdings Trimmed by AE Wealth Management LLC

AE Wealth Management LLC cut its holdings in shares of Sempra Energy (NYSE:SRE) by 10.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,625 shares of the utilities provider’s stock after selling 659 shares during the quarter. AE Wealth Management LLC’s holdings in Sempra Energy were worth $426,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Westside Investment Management Inc. boosted its holdings in shares of Sempra Energy by 51.2% during the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the period. Pingora Partners LLC boosted its stake in shares of Sempra Energy by 48.3% during the 1st quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock valued at $31,000 after buying an additional 140 shares during the period. NewSquare Capital LLC boosted its stake in shares of Sempra Energy by 245.1% during the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after buying an additional 299 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Sempra Energy by 230.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in Sempra Energy by 74.1% in the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, Director Kevin C. Sagara sold 28,864 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $84.21, for a total value of $2,430,637.44. Following the transaction, the director directly owned 15,475 shares in the company, valued at approximately $1,303,149.75. This trade represents a 65.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander Lisa Larroque sold 4,322 shares of Sempra Energy stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $92.55, for a total value of $400,001.10. Following the completion of the sale, the senior vice president owned 11,325 shares of the company’s stock, valued at approximately $1,048,128.75. The trade was a 27.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 47,619 shares of company stock worth $4,122,392. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SRE. Mizuho lifted their target price on shares of Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. BTIG Research raised Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup reissued a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Finally, UBS Group boosted their target price on Sempra Energy from $82.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Sempra Energy Stock Performance

Shares of NYSE:SRE opened at $92.00 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The business’s fifty day moving average price is $89.48 and its two-hundred day moving average price is $82.01. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77. The stock has a market capitalization of $60.04 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company earned $0.89 EPS. Sempra Energy’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts predict that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

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