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2,692,407 Shares in Sempra Energy (NYSE:SRE) Purchased by Nuveen LLC

Sempra Energy logo with Utilities background

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Nuveen LLC purchased a new position in Sempra Energy (NYSE:SRE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,692,407 shares of the utilities provider's stock, valued at approximately $192,130,000. Nuveen LLC owned approximately 0.41% of Sempra Energy as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mattson Financial Services LLC acquired a new stake in shares of Sempra Energy during the fourth quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new stake in shares of Sempra Energy during the fourth quarter worth approximately $41,000. Opal Wealth Advisors LLC acquired a new stake in shares of Sempra Energy during the first quarter worth approximately $38,000. Eastern Bank increased its holdings in shares of Sempra Energy by 73.7% during the first quarter. Eastern Bank now owns 580 shares of the utilities provider's stock worth $41,000 after buying an additional 246 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Sempra Energy during the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Trading Down 0.9%

Shares of NYSE SRE opened at $80.99 on Tuesday. The company's fifty day moving average is $77.14 and its 200-day moving average is $75.67. The stock has a market cap of $52.84 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.20 and a beta of 0.62. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, June 26th were given a $0.645 dividend. This represents a $2.58 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 26th. Sempra Energy's payout ratio is currently 62.32%.

Insider Buying and Selling at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 1,576 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the sale, the senior vice president directly owned 15,600 shares of the company's stock, valued at approximately $1,248,000. The trade was a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Diana L. Day sold 8,015 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total transaction of $595,193.90. Following the completion of the sale, the insider directly owned 16,969 shares in the company, valued at $1,260,117.94. This represents a 32.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SRE. BMO Capital Markets raised their price target on shares of Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Barclays lowered their price target on shares of Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Citigroup reissued a "neutral" rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Jefferies Financial Group lowered their price target on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $88.00 target price (up previously from $87.00) on shares of Sempra Energy in a report on Wednesday, June 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.58.

Check Out Our Latest Research Report on SRE

About Sempra Energy

(Free Report)

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.

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Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE - Free Report).

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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