3,833 Shares in Sempra Energy (NYSE:SRE) Acquired by Elyxium Wealth LLC

Elyxium Wealth LLC bought a new position in shares of Sempra Energy (NYSE:SRE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,833 shares of the utilities provider's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC raised its stake in Sempra Energy by 335.8% during the 1st quarter. Diversify Advisory Services LLC now owns 11,697 shares of the utilities provider's stock valued at $881,000 after purchasing an additional 9,013 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Sempra Energy by 17.6% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 18,276 shares of the utilities provider's stock valued at $1,305,000 after purchasing an additional 2,733 shares during the period. Legacy Capital Wealth Partners LLC grew its holdings in shares of Sempra Energy by 4.5% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 7,216 shares of the utilities provider's stock valued at $515,000 after acquiring an additional 309 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Sempra Energy by 41.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,104 shares of the utilities provider's stock valued at $150,000 after acquiring an additional 616 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its holdings in shares of Sempra Energy by 1.9% during the 1st quarter. Parcion Private Wealth LLC now owns 47,862 shares of the utilities provider's stock valued at $3,415,000 after acquiring an additional 910 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insider Buying and Selling at Sempra Energy

In other news, insider Diana L. Day sold 8,015 shares of Sempra Energy 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 transaction, the insider directly owned 16,969 shares of the company's stock, valued at $1,260,117.94. This trade represents a 32.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $78.25 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a market cap of $51.01 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.11 and a beta of 0.63. The firm has a 50 day simple moving average of $75.93 and a 200 day simple moving average of $75.89. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.12. The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.90 billion. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. Sempra Energy's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share. Sell-side analysts predict that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th were given a dividend of $0.645 per share. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.30%. Sempra Energy's dividend payout ratio is 56.70%.

Analyst Ratings Changes

SRE has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Morgan Stanley restated an "overweight" rating and set a $88.00 price target (up from $87.00) on shares of Sempra Energy in a report on Wednesday, June 18th. BMO Capital Markets upped their price objective on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Citigroup decreased their price objective on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Barclays set a $71.00 price objective on shares of Sempra Energy and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.75.

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.

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.