Dynamic Technology Lab Private Ltd Invests $334,000 in Sempra Energy $SRE

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $334,000 in Sempra Energy, acquiring 4,673 shares during the first quarter.
• Insider transactions included EVP Caroline Ann Winn selling 5,114 shares for over $419,000, representing an 11.49% decrease in her ownership of the stock.
• Sempra Energy reported quarterly earnings of $0.89 per share, exceeding analysts' expectations, despite a 0.4% decline in revenue from the previous year.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Sempra Energy (NYSE:SRE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,673 shares of the utilities provider's stock, valued at approximately $334,000.

Several other large investors have also modified their holdings of SRE. Mattson Financial Services LLC purchased a new position in shares of Sempra Energy during the 4th quarter worth about $30,000. Pingora Partners LLC raised its holdings in Sempra Energy by 48.3% in the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider's stock valued at $31,000 after buying an additional 140 shares during the period. Opal Wealth Advisors LLC purchased a new position in Sempra Energy in the first quarter valued at approximately $38,000. Park Square Financial Group LLC purchased a new position in Sempra Energy in the fourth quarter valued at approximately $41,000. Finally, Eastern Bank raised its holdings in Sempra Energy by 73.7% in the first quarter. Eastern Bank now owns 580 shares of the utilities provider's stock valued at $41,000 after buying an additional 246 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Caroline Ann Winn sold 5,114 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 39,380 shares of the company's stock, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president directly owned 15,600 shares of the company's stock, valued at $1,248,000. The trade was a 9.18% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Sempra Energy Stock Up 0.6%

Shares of NYSE:SRE opened at $83.96 on Friday. Sempra Energy has a 52-week low of $61.90 and a 52-week high of $95.77. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $54.78 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 2.65 and a beta of 0.65. The company has a 50 day moving average of $80.31 and a two-hundred day moving average of $75.61.

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

Analyst Upgrades and Downgrades

SRE has been the topic of several research reports. Morgan Stanley restated an "overweight" rating on shares of Sempra Energy in a report on Thursday, August 21st. Citigroup restated a "neutral" rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Finally, Barclays raised their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an "equal weight" rating in a report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Sempra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.27.

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.

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