G&S Capital LLC Has $625,000 Stake in Sempra Energy $SRE

Key Points

• G&S Capital LLC increased its stake in Sempra Energy by 106.0% during the second quarter, now owning 8,245 shares worth $625,000.
• Sempra Energy reported $0.89 earnings per share for the last quarter, surpassing expectations by $0.07, despite a 4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.645 per share, translating to a 2.9% yield, with a payout ratio of 62.32%.

G&S Capital LLC increased its stake in shares of Sempra Energy (NYSE:SRE - Free Report) by 106.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,245 shares of the utilities provider's stock after acquiring an additional 4,242 shares during the period. G&S Capital LLC's holdings in Sempra Energy were worth $625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tritonpoint Wealth LLC raised its holdings in shares of Sempra Energy by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 5,999 shares of the utilities provider's stock worth $458,000 after acquiring an additional 132 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Sempra Energy by 1.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider's stock worth $583,000 after acquiring an additional 133 shares during the period. Pingora Partners LLC raised its holdings in shares of Sempra Energy by 48.3% during the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider's stock worth $31,000 after acquiring an additional 140 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in shares of Sempra Energy by 5.0% during the first quarter. Baader Bank Aktiengesellschaft now owns 2,988 shares of the utilities provider's stock worth $211,000 after acquiring an additional 141 shares during the period. Finally, Applied Finance Capital Management LLC raised its holdings in shares of 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 acquiring an additional 143 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Up 1.3%

Sempra Energy stock opened at $89.74 on Tuesday. The firm has a market capitalization of $58.55 billion, a PE ratio of 21.68, a P/E/G ratio of 2.82 and a beta of 0.65. The company's 50-day moving average is $82.42 and its 200-day moving average is $76.82. 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 0.93, a current ratio of 0.48 and a quick ratio of 0.41.

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

Sempra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.645 per share. 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%.

Analyst Ratings Changes

Several equities research analysts have commented on SRE shares. Citigroup reissued a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Sempra Energy in a research report 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 report 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 report on Wednesday, September 24th. Morgan Stanley reissued an "overweight" rating and set a $93.00 price target (up from $86.00) on shares of Sempra Energy in a research report 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 report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sempra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.55.

Insider Buying and Selling

In related news, EVP Caroline Ann Winn sold 5,114 shares of Sempra Energy stock in a transaction dated 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. The trade was a 11.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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. In the last 90 days, insiders sold 49,987 shares of company stock valued at $4,267,870. Company insiders own 0.27% of the company's stock.

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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