AMF Tjanstepension AB Sells 194,741 Shares of Sempra Energy $SRE

AMF Tjanstepension AB trimmed its position in shares of Sempra Energy (NYSE:SRE) by 39.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,325 shares of the utilities provider’s stock after selling 194,741 shares during the quarter. AMF Tjanstepension AB’s holdings in Sempra Energy were worth $26,843,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its stake in Sempra Energy by 1.2% during the 3rd quarter. CIBC Asset Management Inc now owns 103,239 shares of the utilities provider’s stock valued at $9,289,000 after purchasing an additional 1,271 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of Sempra Energy by 10.5% during the third quarter. Sagespring Wealth Partners LLC now owns 6,772 shares of the utilities provider’s stock valued at $609,000 after buying an additional 644 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Sempra Energy during the third quarter worth about $237,000. Edge Financial Advisors LLC increased its position in shares of Sempra Energy by 3.9% during the third quarter. Edge Financial Advisors LLC now owns 4,863 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 181 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of Sempra Energy by 1.1% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 246,500 shares of the utilities provider’s stock worth $22,180,000 after acquiring an additional 2,800 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on SRE. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday. Citigroup restated a “neutral” rating and issued a $99.00 target price (up previously from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $112.00 price target (down previously from $115.00) on shares of Sempra Energy in a report on Tuesday. Evercore ISI set a $105.00 price target on Sempra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, UBS Group restated an “outperform” rating and set a $100.00 price objective on shares of Sempra Energy in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.83.

Sempra Energy Trading Up 0.2%

NYSE SRE opened at $85.92 on Friday. The business’s fifty day moving average is $89.60 and its 200-day moving average is $86.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56. The stock has a market capitalization of $56.08 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.29 and a beta of 0.74. Sempra Energy has a one year low of $61.90 and a one year high of $95.72.

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

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 11th were issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, December 11th. Sempra Energy’s payout ratio is 79.14%.

Insider Transactions at Sempra Energy

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $92.29, for a total transaction of $698,081.56. Following the completion of the transaction, the chief financial officer directly owned 41,280 shares of the company’s stock, valued at approximately $3,809,731.20. This represents a 15.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dyan Z. Wold sold 1,510 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total value of $137,983.80. Following the completion of the sale, the chief accounting officer owned 3,481 shares in the company, valued at approximately $318,093.78. The trade was a 30.25% 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 worth $1,785,606 in the last ninety days. Company insiders own 0.27% of the company’s stock.

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.