Carrera Capital Advisors Has $3.57 Million Stock Holdings in Sempra Energy (NYSE:SRE)

Key Points

• Carrera Capital Advisors increased its holdings in Sempra Energy by 8.0%, now owning approximately 49,570 shares valued at $3.57 million, making it the firm’s 25th largest investment.
• In the first quarter, several institutional investors notably increased their stakes in Sempra Energy, including LPL Financial LLC, which raised its stake by 30.7% to hold shares worth $51.86 million.
• Sempra Energy reported quarterly earnings of $1.44 per share, exceeding analysts' expectations, despite revenues of $3.80 billion falling short of estimates.

Carrera Capital Advisors raised its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,570 shares of the utilities provider's stock after purchasing an additional 3,677 shares during the period. Sempra Energy accounts for 0.8% of Carrera Capital Advisors' portfolio, making the stock its 25th largest holding. Carrera Capital Advisors' holdings in Sempra Energy were worth $3,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. TCW Group Inc. grew its stake in shares of Sempra Energy by 16.3% in the first quarter. TCW Group Inc. now owns 162,386 shares of the utilities provider's stock worth $11,588,000 after acquiring an additional 22,780 shares during the last quarter. LPL Financial LLC grew its stake in shares of Sempra Energy by 30.7% in the first quarter. LPL Financial LLC now owns 726,788 shares of the utilities provider's stock worth $51,864,000 after acquiring an additional 170,678 shares during the last quarter. Texas Yale Capital Corp. grew its stake in shares of Sempra Energy by 0.8% in the first quarter. Texas Yale Capital Corp. now owns 25,166 shares of the utilities provider's stock worth $1,796,000 after acquiring an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sempra Energy by 1.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,485 shares of the utilities provider's stock worth $19,159,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Sempra Energy by 2.1% in the first quarter. Empirical Finance LLC now owns 21,715 shares of the utilities provider's stock worth $1,550,000 after acquiring an additional 447 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Energy Stock Up 0.5%

Shares of NYSE SRE opened at $80.85 on Friday. The stock has a market cap of $52.71 billion, a PE ratio of 17.77, a PEG ratio of 2.17 and a beta of 0.63. The business has a fifty day moving average of $76.32 and a two-hundred day moving average of $75.78. Sempra Energy has a 52-week low of $61.90 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.57.

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

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, June 26th were issued a $0.645 dividend. 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 3.19%. Sempra Energy's dividend payout ratio is 56.70%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SRE. BMO Capital Markets raised their price objective on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Citigroup decreased their price target on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their price target on shares of Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating and set a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. Finally, Jefferies Financial Group decreased their price target on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. Six 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $80.75.

Insider Transactions 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 stock was sold at an average price of $74.26, for a total value of $595,193.90. Following the completion of the transaction, the insider directly owned 16,969 shares of the company's stock, valued at $1,260,117.94. The trade was a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the completion of the transaction, the senior vice president directly owned 15,600 shares of the company's stock, valued at $1,248,000. This represents a 9.18% 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.

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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