Allspring Global Investments Holdings LLC Has $17.76 Million Stock Holdings in Sempra Energy (NYSE:SRE)

Allspring Global Investments Holdings LLC decreased its position in Sempra Energy (NYSE:SRE - Free Report) by 10.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 248,181 shares of the utilities provider's stock after selling 29,447 shares during the period. Allspring Global Investments Holdings LLC's holdings in Sempra Energy were worth $17,760,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Lindbrook Capital LLC lifted its stake in Sempra Energy by 5.4% in the fourth quarter. Lindbrook Capital LLC now owns 2,410 shares of the utilities provider's stock valued at $211,000 after buying an additional 124 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Sempra Energy by 1.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider's stock worth $719,000 after acquiring an additional 124 shares during the period. MJP Associates Inc. ADV lifted its position in Sempra Energy by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider's stock valued at $543,000 after acquiring an additional 125 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in Sempra Energy by 5.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider's stock valued at $232,000 after acquiring an additional 126 shares in the last quarter. Finally, Avantax Planning Partners Inc. boosted its stake in Sempra Energy by 2.0% in the 4th quarter. Avantax Planning Partners Inc. now owns 7,423 shares of the utilities provider's stock worth $651,000 after purchasing an additional 147 shares during the period. Institutional investors own 89.65% of the company's stock.

Insider Buying and Selling at Sempra Energy

In related news, insider Diana L. Day sold 8,015 shares of Sempra Energy stock in a transaction dated 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 owned 16,969 shares of the company's stock, valued at approximately $1,260,117.94. The trade was a 32.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SRE shares. Morgan Stanley reissued an "overweight" rating and issued a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. Wells Fargo & Company dropped their target price on Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. BMO Capital Markets boosted their target price on Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Argus cut shares of Sempra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Citigroup cut their price objective on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $80.83.

Sempra Energy Stock Up 1.0%

SRE traded up $0.73 during trading on Friday, reaching $75.55. 1,972,703 shares of the stock were exchanged, compared to its average volume of 3,869,530. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.57. The stock's 50 day moving average price is $75.95 and its two-hundred day moving average price is $76.95. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The stock has a market cap of $49.25 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.12. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the previous year, the business earned $1.34 EPS. Sempra Energy's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be given a $0.645 dividend. This represents a $2.58 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 26th. Sempra Energy's payout ratio is presently 56.70%.

Sempra Energy 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.