Hantz Financial Services Inc. Has $10.94 Million Stock Holdings in Sempra Energy $SRE

Hantz Financial Services Inc. lowered its stake in Sempra Energy (NYSE:SRE) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,557 shares of the utilities provider’s stock after selling 6,408 shares during the quarter. Hantz Financial Services Inc.’s holdings in Sempra Energy were worth $10,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy in the third quarter worth approximately $25,000. Westside Investment Management Inc. grew its position in Sempra Energy by 51.2% during the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Activest Wealth Management raised its stake in Sempra Energy by 74.6% during the 3rd quarter. Activest Wealth Management now owns 391 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 167 shares during the period. NewSquare Capital LLC raised 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 valued at $32,000 after purchasing an additional 299 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of Sempra Energy by 117.4% in the third quarter. SOA Wealth Advisors LLC. now owns 424 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 229 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

Shares of NYSE:SRE opened at $87.04 on Wednesday. The stock has a market capitalization of $56.81 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.30 and a beta of 0.74. The business has a 50-day moving average of $88.88 and a two-hundred day moving average of $87.45. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.89 EPS. On average, equities research analysts predict that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

SRE has been the topic of a number of research analyst reports. Barclays set a $95.00 price target on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets upped their target price on Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Citigroup reissued a “neutral” rating and set a $99.00 target price (up previously from $80.00) on shares of Sempra Energy in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.83.

Insider Activity

In other news, CAO Dyan Z. Wold sold 1,510 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $91.38, for a total value of $137,983.80. Following the sale, the chief accounting officer directly owned 3,481 shares of the company’s stock, valued at approximately $318,093.78. This trade represents a 30.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Karen L. Sedgwick sold 7,564 shares of Sempra Energy stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $92.29, for a total value of $698,081.56. Following the completion of the transaction, the chief financial officer owned 41,280 shares in the company, valued at $3,809,731.20. The trade was a 15.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 19,396 shares of company stock valued at $1,785,606. 0.27% of the stock is owned by corporate insiders.

About Sempra Energy

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.