Sempra Energy (NYSE:SRE) Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in Sempra Energy (NYSE:SRE - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,241 shares of the utilities provider's stock after selling 10,148 shares during the period. Keybank National Association OH's holdings in Sempra Energy were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SRE. Prudent Man Investment Management Inc. acquired a new stake in shares of Sempra Energy during the fourth quarter worth about $26,000. TCTC Holdings LLC raised its position in Sempra Energy by 265.2% during the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider's stock worth $29,000 after buying an additional 244 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Sempra Energy during the 4th quarter worth approximately $29,000. Mattson Financial Services LLC acquired a new stake in Sempra Energy during the 4th quarter valued at approximately $30,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Sempra Energy in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 89.65% of the company's stock.

Sempra Energy Price Performance

Shares of Sempra Energy stock traded up $0.73 on Friday, reaching $75.55. The company's stock had a trading volume of 1,972,703 shares, compared to its average volume of 3,869,530. 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 company has a market capitalization of $49.25 billion, a P/E ratio of 16.60, a PEG ratio of 2.02 and a beta of 0.63. The stock has a 50-day moving average price of $75.97 and a 200-day moving average price of $76.87. 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 posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.12. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the prior year, the business posted $1.34 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 26th. Sempra Energy's dividend payout ratio is presently 56.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SRE shares. Morgan Stanley restated an "overweight" rating and set a $88.00 target price (up from $87.00) on shares of Sempra Energy in a research report on Wednesday, June 18th. Citigroup reduced their price objective on Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lowered 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. Jefferies Financial Group dropped their target price on Sempra Energy from $77.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. Finally, Argus cut Sempra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $80.83.

Insider Activity at Sempra Energy

In other Sempra Energy news, insider Diana L. Day sold 8,015 shares of Sempra Energy stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total transaction of $595,193.90. Following the sale, the insider owned 16,969 shares of the company's stock, valued at $1,260,117.94. The trade was a 32.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.