1832 Asset Management L.P. Has $17.39 Million Holdings in Sempra Energy $SRE

1832 Asset Management L.P. trimmed its holdings in shares of Sempra Energy (NYSE:SRE) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 229,503 shares of the utilities provider’s stock after selling 9,052 shares during the quarter. 1832 Asset Management L.P.’s holdings in Sempra Energy were worth $17,389,000 as of its most recent filing with the SEC.

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

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $90.02 on Friday. The stock has a market cap of $58.75 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.73 and a beta of 0.73. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.72. The company’s fifty day moving average is $91.96 and its 200 day moving average is $83.58. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 11th will be given a $0.645 dividend. The ex-dividend date is Thursday, December 11th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s payout ratio is 79.14%.

Insider Buying and Selling

In other news, EVP Caroline Ann Winn sold 500 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.70, for a total transaction of $45,850.00. Following the completion of the sale, the executive vice president directly owned 33,664 shares in the company, valued at $3,086,988.80. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 4,322 shares of Sempra Energy stock in a transaction on Friday, November 7th. The stock was sold at an average price of $92.55, for a total transaction of $400,001.10. Following the transaction, the senior vice president directly owned 11,325 shares of the company’s stock, valued at $1,048,128.75. This represents a 27.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,693 shares of company stock worth $5,507,997. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SRE. BTIG Research raised Sempra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group set a $89.00 target price on shares of Sempra Energy and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Barclays reduced their price target on shares of Sempra Energy from $101.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Evercore ISI set a $105.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Mizuho raised their target price on Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and an average target price of $96.92.

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.