Golden State Wealth Management LLC Has $708,000 Stock Holdings in Sempra Energy (NYSE:SRE)

Golden State Wealth Management LLC boosted its position in Sempra Energy (NYSE:SRE - Free Report) by 408.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,923 shares of the utilities provider's stock after buying an additional 7,971 shares during the quarter. Golden State Wealth Management LLC's holdings in Sempra Energy were worth $708,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sempra Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 63,018,055 shares of the utilities provider's stock valued at $5,527,944,000 after acquiring an additional 490,269 shares during the last quarter. Wellington Management Group LLP grew its stake in Sempra Energy by 11.9% in the fourth quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider's stock valued at $3,369,076,000 after purchasing an additional 4,082,261 shares in the last quarter. FMR LLC increased its position in shares of Sempra Energy by 8.0% during the 4th quarter. FMR LLC now owns 20,489,918 shares of the utilities provider's stock worth $1,797,376,000 after purchasing an additional 1,511,313 shares during the last quarter. Norges Bank acquired a new position in shares of Sempra Energy during the 4th quarter worth approximately $1,535,000,000. Finally, Geode Capital Management LLC raised its stake in shares of Sempra Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 13,072,966 shares of the utilities provider's stock worth $1,143,248,000 after purchasing an additional 311,094 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company's stock.

Insider Activity at Sempra Energy

In other news, EVP Justin Christopher Bird sold 4,817 shares of Sempra Energy stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $71.23, for a total value of $343,114.91. Following the transaction, the executive vice president now owns 19,778 shares in the company, valued at approximately $1,408,786.94. This trade represents a 19.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Diana L. Day sold 8,015 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $74.26, for a total value of $595,193.90. Following the sale, the insider now owns 16,969 shares of the company's stock, valued at approximately $1,260,117.94. This represents a 32.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Sempra Energy Stock Performance

NYSE:SRE traded up $0.38 during mid-day trading on Friday, hitting $75.32. 5,966,282 shares of the stock were exchanged, compared to its average volume of 3,855,859. The firm's 50-day simple moving average is $75.64 and its 200 day simple moving average is $77.39. The stock has a market capitalization of $49.10 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.02 and a beta of 0.64. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two 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 posted its earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, topping 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 company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter last year, the firm earned $1.34 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be given a $0.645 dividend. The ex-dividend date is Thursday, June 26th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.43%. Sempra Energy's payout ratio is 56.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley reissued an "overweight" rating and issued a $88.00 target price (up from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. Wells Fargo & Company cut their price target on shares of Sempra Energy from $88.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Citigroup decreased their price objective on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Argus cut shares of Sempra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets lifted their price target on Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $80.83.

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.