D.A. Davidson & CO. lowered its holdings in shares of Sempra Energy (NYSE:SRE - Free Report) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,074 shares of the utilities provider's stock after selling 4,800 shares during the period. D.A. Davidson & CO.'s holdings in Sempra Energy were worth $2,646,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SRE. Prudent Man Investment Management Inc. bought a new stake in Sempra Energy during the 4th quarter valued at $26,000. TCTC Holdings LLC raised its stake in Sempra Energy by 265.2% during the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 244 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Sempra Energy during the 4th quarter valued at $29,000. Mattson Financial Services LLC bought a new stake in Sempra Energy during the 4th quarter valued at $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in Sempra Energy during the 1st quarter valued at $38,000. Institutional investors own 89.65% of the company's stock.
Insider Activity at Sempra Energy
In other news, insider Diana L. Day sold 8,015 shares of the 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. This represents a 32.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.
Sempra Energy Price Performance
SRE opened at $75.55 on Monday. The stock has a market cap of $49.25 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.02 and a beta of 0.63. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. 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 has a fifty day moving average price of $75.97 and a 200 day moving average price of $76.75.
Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results 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 return on equity of 8.55% and a net margin of 22.15%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. Analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.
Sempra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend yield of 3.42%. Sempra Energy's dividend payout ratio is currently 56.70%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SRE. BMO Capital Markets lifted their price target on Sempra Energy from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Wells Fargo & Company lowered their price target on Sempra Energy from $88.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup lowered their price target on Sempra Energy from $93.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Jefferies Financial Group lowered their price target on Sempra Energy from $77.00 to $75.00 and set a "hold" rating on the stock in a research 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.83.
Read Our Latest Stock Report 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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