Lee Danner & Bass Inc. raised its holdings in shares of Sempra Energy (NYSE:SRE - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,277 shares of the utilities provider's stock after purchasing an additional 20,707 shares during the quarter. Lee Danner & Bass Inc.'s holdings in Sempra Energy were worth $3,302,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SRE. Prudent Man Investment Management Inc. bought a new stake in shares of Sempra Energy during the fourth quarter worth $26,000. TCTC Holdings LLC increased its stake in shares of Sempra Energy by 265.2% during the fourth quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider's stock valued at $29,000 after buying an additional 244 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Sempra Energy during the fourth quarter valued at $29,000. Mattson Financial Services LLC purchased a new position in shares of Sempra Energy during the fourth quarter valued at $30,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Sempra Energy during the first quarter valued at $38,000. 89.65% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Sempra Energy news, insider Diana L. Day sold 8,015 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 16,969 shares of the company's stock, valued at approximately $1,260,117.94. The trade was a 32.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
SRE has been the topic of several research reports. Citigroup cut their price target on Sempra Energy from $93.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Argus lowered Sempra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Morgan Stanley reiterated an "overweight" rating and issued a $88.00 target price (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. Wells Fargo & Company cut their target price on Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, BMO Capital Markets lifted their target price on Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.83.
View Our Latest Analysis on SRE
Sempra Energy Stock Down 1.0%
Shares of SRE stock traded down $0.74 during trading hours on Monday, reaching $74.38. 2,207,162 shares of the company's stock were exchanged, compared to its average volume of 3,860,366. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The stock has a market cap of $48.49 billion, a PE ratio of 16.35, a PEG ratio of 2.02 and a beta of 0.63. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average price is $75.97 and its two-hundred day moving average price is $76.75.
Sempra Energy (NYSE:SRE - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.12. The firm had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.90 billion. Sempra Energy had a return on equity of 8.55% and a net margin of 22.15%. Sempra Energy's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Research analysts predict that Sempra Energy will post 4.76 EPS for the current year.
Sempra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Thursday, June 26th will be given a $0.645 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $2.58 dividend on an annualized basis and a yield of 3.47%. Sempra Energy's dividend payout ratio is currently 56.70%.
Sempra Energy Profile
(
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.
Further Reading
Before you consider Sempra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sempra Energy wasn't on the list.
While Sempra Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
