New York State Teachers Retirement System Sells 8,436 Shares of Sempra Energy $SRE

New York State Teachers Retirement System lessened its position in shares of Sempra Energy (NYSE:SRE) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520,592 shares of the utilities provider’s stock after selling 8,436 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Sempra Energy worth $46,843,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in Sempra Energy by 51.2% in 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. NewSquare Capital LLC boosted its stake in shares of Sempra Energy by 245.1% in the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 299 shares during the last quarter. ST Germain D J Co. Inc. grew 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 worth $33,000 after buying an additional 300 shares during the period. Bogart Wealth LLC raised its stake in shares of Sempra Energy by 74.1% during the second quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock worth $34,000 after buying an additional 189 shares during the last quarter. Finally, Hartford Funds Management Co LLC bought a new stake in shares of Sempra Energy during the second quarter worth approximately $35,000. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the topic of a number of recent research reports. Mizuho raised their price objective 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. UBS Group set a $96.00 price target on Sempra Energy and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Jefferies Financial Group set a $89.00 price target on Sempra Energy and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company started coverage on Sempra Energy in a report on Monday, October 27th. They issued an “overweight” rating and a $115.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.17.

Sempra Energy Price Performance

Shares of SRE stock opened at $88.82 on Monday. 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 has a 12-month low of $61.90 and a 12-month high of $95.72. The firm has a fifty day moving average of $90.28 and a 200-day moving average of $85.88. The firm has a market capitalization of $57.97 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.38 and a beta of 0.74.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.84 by $0.27. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, equities research analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $91.58, for a total value of $503,690.00. Following the completion of the transaction, the executive vice president directly owned 34,164 shares in the company, valued at approximately $3,128,739.12. The trade was a 13.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 4,322 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 11,325 shares in the company, valued at $1,048,128.75. This trade represents a 27.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,396 shares of company stock valued at $1,785,606 over the last 90 days. 0.27% of the stock is owned by company insiders.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.