Asset Management One Co. Ltd. Sells 11,228 Shares of Sempra Energy $SRE

Asset Management One Co. Ltd. trimmed its position in shares of Sempra Energy (NYSE:SRE - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302,560 shares of the utilities provider's stock after selling 11,228 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Sempra Energy were worth $22,925,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SRE. International Assets Investment Management LLC bought a new stake in Sempra Energy during the 1st quarter valued at approximately $262,000. Spire Wealth Management boosted its position in Sempra Energy by 44.7% during the 1st quarter. Spire Wealth Management now owns 1,026 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 317 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Sempra Energy by 5.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 39,231 shares of the utilities provider's stock valued at $2,800,000 after acquiring an additional 2,040 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Sempra Energy by 4.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 6,597 shares of the utilities provider's stock valued at $475,000 after acquiring an additional 301 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sempra Energy by 81.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,877 shares of the utilities provider's stock valued at $8,199,000 after purchasing an additional 52,847 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup reiterated a "neutral" rating and set a $80.00 target price (up from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a report on Friday. BTIG Research upgraded shares of Sempra Energy to a "strong-buy" rating in a report on Wednesday. Evercore ISI set a $105.00 target price on shares of Sempra Energy and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, Mizuho lifted their target price on shares of Sempra Energy from $86.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.50.

Sempra Energy Stock Up 1.1%

SRE stock opened at $92.81 on Friday. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.77. The business has a fifty day moving average price of $86.31 and a 200-day moving average price of $79.71. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The stock has a market capitalization of $60.56 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.86 and a beta of 0.66.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Equities analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.645 per share. The ex-dividend date was Wednesday, October 1st. This represents a $2.58 dividend on an annualized basis and a yield of 2.8%. Sempra Energy's payout ratio is currently 62.32%.

Insiders Place Their Bets

In other Sempra Energy news, Director Kevin C. Sagara sold 14,433 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $89.50, for a total transaction of $1,291,753.50. Following the completion of the sale, the director directly owned 1,042 shares in the company, valued at approximately $93,259. The trade was a 93.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the sale, the executive vice president owned 39,380 shares of the company's stock, valued at approximately $3,229,553.80. This represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,411 shares of company stock valued at $4,141,790. Company insiders own 0.27% of the company's stock.

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.

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