GW Henssler & Associates Ltd. raised its stake in Sempra Energy (NYSE:SRE - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,183 shares of the utilities provider's stock after buying an additional 16,946 shares during the period. Sempra Energy makes up about 1.4% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 24th largest holding. GW Henssler & Associates Ltd. owned approximately 0.05% of Sempra Energy worth $24,418,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of SRE. Mattson Financial Services LLC purchased a new position in shares of Sempra Energy during the 4th quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new position in Sempra Energy during the 1st quarter worth $38,000. Park Square Financial Group LLC acquired a new position in Sempra Energy during the 4th quarter worth $41,000. Eastern Bank lifted its position in Sempra Energy by 73.7% during the 1st quarter. Eastern Bank now owns 580 shares of the utilities provider's stock worth $41,000 after acquiring an additional 246 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Sempra Energy during the fourth quarter valued at about $56,000. Institutional investors own 89.65% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on SRE shares. BMO Capital Markets upped their price objective on shares of Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Barclays increased their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 26th. Citigroup reissued 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Sempra Energy in a research note on Thursday, August 21st. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $82.33.
Get Our Latest Report on SRE
Sempra Energy Stock Performance
Shares of NYSE:SRE traded down $0.66 on Wednesday, reaching $82.24. 3,238,215 shares of the company's stock were exchanged, compared to its average volume of 3,299,674. The company has a fifty day moving average of $79.43 and a 200-day moving average of $75.70. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $53.66 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.62 and a beta of 0.65.
Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The firm's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, research analysts predict that Sempra Energy will post 4.76 EPS for the current fiscal year.
Insider Buying and Selling at Sempra Energy
In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the firm's stock in a transaction 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 sale, the executive vice president directly owned 39,380 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president owned 15,600 shares of the company's stock, valued at $1,248,000. The trade was a 9.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.
About Sempra Energy
(
Free Report)
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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