Fifth Third Wealth Advisors LLC Trims Position in Sempra Energy $SRE

Key Points

• Fifth Third Wealth Advisors LLC reduced its stake in Sempra Energy by 36.9% in the second quarter, holding 10,354 shares worth approximately $785,000 after selling 6,059 shares.
• Shares of Sempra Energy opened at $90.15, with a one-year trading range between $61.90 and $95.77, and a market capitalization of $58.82 billion.
• Sempra Energy recently declared a quarterly dividend of $0.645 per share, yielding 2.9% annually, with an upcoming payment date on October 15th.

Fifth Third Wealth Advisors LLC lessened its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 36.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,354 shares of the utilities provider's stock after selling 6,059 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Sempra Energy were worth $785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Tritonpoint Wealth LLC raised its holdings in Sempra Energy by 2.2% in the 2nd quarter. Tritonpoint Wealth LLC now owns 5,999 shares of the utilities provider's stock valued at $458,000 after buying an additional 132 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Sempra Energy by 1.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider's stock valued at $583,000 after buying an additional 133 shares during the period. Pingora Partners LLC raised its holdings in Sempra Energy by 48.3% in the 1st 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. Baader Bank Aktiengesellschaft grew its position in Sempra Energy by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 2,988 shares of the utilities provider's stock valued at $211,000 after acquiring an additional 141 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its stake in Sempra Energy by 1.3% during the first quarter. Applied Finance Capital Management LLC now owns 11,334 shares of the utilities provider's stock worth $809,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $90.15 on Monday. Sempra Energy has a one year low of $61.90 and a one year high of $95.77. The company has a market cap of $58.82 billion, a PE ratio of 21.78, a P/E/G ratio of 2.78 and a beta of 0.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. The business has a 50-day simple moving average of $84.32 and a 200-day simple moving average of $78.14.

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

Sempra Energy Dividend Announcement

The firm also recently declared 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. This represents a $2.58 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Sempra Energy's dividend payout ratio is 62.32%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SRE. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research note on Wednesday, October 8th. Citigroup reiterated a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. BMO Capital Markets boosted their price target on shares of Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, September 25th. Mizuho boosted their price target on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Finally, Barclays boosted their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 26th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Sempra Energy presently has an average rating of "Hold" and a consensus target price of $86.09.

Insider Activity at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 1,576 shares of the company'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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of the company'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 value of $419,399.14. Following the completion of the transaction, the executive vice president directly owned 39,380 shares of the company's stock, 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. Insiders sold 49,987 shares of company stock valued at $4,267,870 over the last three months. 0.27% of the stock is owned by corporate insiders.

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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