Mackenzie Financial Corp lowered its holdings in Sempra Energy (NYSE:SRE - Free Report) by 85.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,193 shares of the utilities provider's stock after selling 422,578 shares during the quarter. Mackenzie Financial Corp's holdings in Sempra Energy were worth $5,080,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Mattson Financial Services LLC purchased a new stake in shares of Sempra Energy in the 4th quarter valued at about $30,000. Park Square Financial Group LLC acquired a new stake in shares of Sempra Energy in the 4th quarter worth approximately $41,000. Opal Wealth Advisors LLC purchased a new stake in Sempra Energy in the 1st quarter valued at approximately $38,000. Cary Street Partners Financial LLC purchased a new stake in Sempra Energy in the 4th quarter valued at approximately $56,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Sempra Energy in the 4th quarter valued at approximately $71,000. 89.65% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Sempra Energy
In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total transaction of $126,080.00. Following the transaction, the senior vice president directly owned 15,600 shares in the company, valued at approximately $1,248,000. The trade was a 9.18% decrease in their position. The transaction 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 Sempra Energy stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $74.26, for a total transaction of $595,193.90. Following the transaction, the insider owned 16,969 shares in the company, valued at approximately $1,260,117.94. The trade was a 32.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.
Sempra Energy Price Performance
Sempra Energy stock traded up $2.11 during mid-day trading on Monday, hitting $83.08. The company's stock had a trading volume of 4,358,636 shares, compared to its average volume of 3,185,058. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $54.16 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.18 and a beta of 0.62. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The stock's fifty day moving average price is $76.67 and its two-hundred day moving average price is $75.76.
Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 22.15% and a return on equity of 8.55%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. Research analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.
Sempra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Thursday, June 26th were given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, June 26th. Sempra Energy's payout ratio is presently 56.70%.
Wall Street Analyst Weigh In
SRE has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. BMO Capital Markets increased their target price on Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Citigroup increased their target price on Sempra Energy from $70.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday. Barclays lowered their price target on Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, Jefferies Financial Group lowered their price target on Sempra Energy from $77.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $81.58.
Get Our Latest Stock Analysis on Sempra Energy
Sempra Energy Company 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.
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