Pandora Wealth Inc. Invests $1.08 Million in Sempra Energy (NYSE:SRE)

Key Points

• Pandora Wealth Inc. has invested approximately $1.08 million in Sempra Energy, acquiring 15,132 shares, which represents 0.7% of its total portfolio.
• Sempra Energy recently reported an EPS of $0.89 for the latest quarter, exceeding analyst expectations, while its revenue totaled $3 billion, slightly below predictions.
• The company declared a quarterly dividend of $0.645 per share, with a current dividend yield of 3.2%.

Pandora Wealth Inc. bought a new position in Sempra Energy (NYSE:SRE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,132 shares of the utilities provider's stock, valued at approximately $1,080,000. Sempra Energy comprises 0.7% of Pandora Wealth Inc.'s portfolio, making the stock its 29th biggest position.

Several other institutional investors also recently added to or reduced their stakes in SRE. Janus Henderson Group PLC increased its stake in Sempra Energy by 71.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,651,923 shares of the utilities provider's stock worth $408,069,000 after buying an additional 1,936,865 shares during the period. JPMorgan Chase & Co. increased its position in Sempra Energy by 42.7% during the 1st quarter. JPMorgan Chase & Co. now owns 4,647,990 shares of the utilities provider's stock valued at $331,681,000 after purchasing an additional 1,391,433 shares during the period. Vanguard Group Inc. increased its position in Sempra Energy by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider's stock valued at $4,584,032,000 after purchasing an additional 1,220,047 shares during the period. Balyasny Asset Management L.P. increased its position in Sempra Energy by 100.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,185,244 shares of the utilities provider's stock valued at $103,970,000 after purchasing an additional 593,481 shares during the period. Finally, GAMMA Investing LLC increased its position in Sempra Energy by 4,338.0% during the 1st quarter. GAMMA Investing LLC now owns 592,074 shares of the utilities provider's stock valued at $42,250,000 after purchasing an additional 578,733 shares during the period. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Stock Down 1.0%

SRE stock opened at $81.74 on Friday. The firm has a 50 day moving average of $77.08 and a 200 day moving average of $75.78. The stock has a market capitalization of $53.29 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a quick ratio of 0.51, a current ratio of 0.48 and a debt-to-equity ratio of 0.91. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77.

Sempra Energy (NYSE:SRE - Get Free Report) last announced 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. Sempra Energy had a net margin of 20.28% and a return on equity of 8.37%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the business posted $0.89 EPS. The business's quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 26th. Sempra Energy's payout ratio is 56.70%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SRE. Barclays cut their target price on shares of Sempra Energy from $72.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating and issued a $88.00 price target (up from $87.00) on shares of Sempra Energy in a report on Wednesday, June 18th. Citigroup restated a "neutral" rating and issued a $80.00 price target (up from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Jefferies Financial Group lowered their price target on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, BMO Capital Markets raised their price target on shares of Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.58.

Insider Activity at Sempra Energy

In related news, SVP Alexander Lisa Larroque sold 1,576 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value 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 approximately $1,248,000. The trade was a 9.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diana L. Day sold 8,015 shares of the business's stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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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