Callan Family Office LLC Increases Holdings in Sempra Energy $SRE

Key Points

• Callan Family Office LLC significantly increased its holdings in Sempra Energy by 234.5% during the second quarter, now owning 12,587 shares valued at $954,000.
• Several other institutional investors, including Maryland State Retirement & Pension System and Blair William & Co. IL, also raised their stakes in Sempra Energy, indicating strong interest from large shareholders.
• Sempra Energy announced a quarterly dividend of $0.645 per share, with a dividend yield of 2.9% and a payout ratio of 62.32%.

Callan Family Office LLC raised its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 234.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,587 shares of the utilities provider's stock after buying an additional 8,824 shares during the quarter. Callan Family Office LLC's holdings in Sempra Energy were worth $954,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Blair William & Co. IL raised its stake in Sempra Energy by 5.8% during the second quarter. Blair William & Co. IL now owns 36,853 shares of the utilities provider's stock valued at $2,792,000 after buying an additional 2,006 shares during the last quarter. Rice Partnership LLC purchased a new position in Sempra Energy during the second quarter valued at $428,000. Maryland State Retirement & Pension System raised its stake in Sempra Energy by 9.3% during the second quarter. Maryland State Retirement & Pension System now owns 619,453 shares of the utilities provider's stock valued at $46,936,000 after buying an additional 52,668 shares during the last quarter. Ignite Planners LLC raised its stake in Sempra Energy by 3.1% during the second quarter. Ignite Planners LLC now owns 12,396 shares of the utilities provider's stock valued at $970,000 after buying an additional 371 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Sempra Energy by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the utilities provider's stock valued at $2,606,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company's stock.

Insider Activity at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $126,080.00. Following the transaction, the senior vice president directly owned 15,600 shares in the company, valued at approximately $1,248,000. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Caroline Ann Winn sold 5,114 shares of Sempra Energy stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total value of $419,399.14. Following the transaction, the executive vice president owned 39,380 shares in the company, valued at $3,229,553.80. This trade represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,987 shares of company stock worth $4,267,870. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on SRE. Evercore ISI set a $105.00 target price on Sempra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. BMO Capital Markets lifted their target price on Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Morgan Stanley reissued an "overweight" rating and issued a $93.00 target price (up previously from $86.00) on shares of Sempra Energy in a report on Wednesday, September 24th. Mizuho lifted their target price on Sempra Energy from $86.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. Finally, Barclays lifted their target price on Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Sempra Energy presently has an average rating of "Hold" and an average price target of $86.09.

Sempra Energy Stock Performance

Shares of SRE opened at $90.15 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. Sempra Energy has a one year low of $61.90 and a one year high of $95.77. The firm has a market capitalization of $58.82 billion, a P/E ratio of 21.78, a PEG ratio of 2.78 and a beta of 0.66. The business has a fifty day moving average of $84.32 and a 200 day moving average of $78.14.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. Sempra Energy's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.645 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 annualized dividend and a dividend yield of 2.9%. Sempra Energy's payout ratio is presently 62.32%.

About Sempra Energy

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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