Sempra Energy $SRE Shares Bought by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its stake in Sempra Energy by 15.9% during Q2, owning 80,922 shares valued at over $6 million.
• Sempra Energy reported earnings of $0.89 per share for the last quarter, exceeding analysts' expectations, despite a slight decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.645 per share, resulting in an annual yield of 3.0%, with the payment scheduled for October 15th.

Dakota Wealth Management boosted its position in shares of Sempra Energy (NYSE:SRE - Free Report) by 15.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,922 shares of the utilities provider's stock after buying an additional 11,111 shares during the quarter. Dakota Wealth Management's holdings in Sempra Energy were worth $6,134,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Sempra Energy by 1.9% during the first quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider's stock valued at $4,584,032,000 after buying an additional 1,220,047 shares in the last quarter. Wellington Management Group LLP increased its stake in Sempra Energy by 26.8% in the 1st quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider's stock worth $3,474,236,000 after purchasing an additional 10,278,893 shares in the last quarter. Newport Trust Company LLC increased its stake in Sempra Energy by 0.3% in the 1st quarter. Newport Trust Company LLC now owns 13,331,160 shares of the utilities provider's stock worth $951,312,000 after purchasing an additional 41,104 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Sempra Energy by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,520,600 shares of the utilities provider's stock worth $536,671,000 after purchasing an additional 291,026 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Sempra Energy by 12.4% in the 1st quarter. Invesco Ltd. now owns 7,489,903 shares of the utilities provider's stock worth $534,479,000 after purchasing an additional 823,663 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $82.01, for a total value of $419,399.14. Following the transaction, the executive vice president owned 39,380 shares of the company's stock, valued at approximately $3,229,553.80. The trade was a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total value of $126,080.00. Following the completion of the transaction, the senior vice president directly owned 15,600 shares in the company, valued at approximately $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,554 shares of company stock valued at $2,976,117. 0.27% of the stock is currently owned by corporate insiders.

Sempra Energy Stock Performance

SRE opened at $86.48 on Friday. The stock has a market cap of $56.43 billion, a PE ratio of 20.89, a P/E/G ratio of 2.78 and a beta of 0.65. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The stock's 50 day simple moving average is $81.99 and its 200-day simple moving average is $76.43.

Sempra Energy (NYSE:SRE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.Sempra Energy's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. Sell-side analysts forecast that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.645 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 dividend on an annualized basis and a yield of 3.0%. Sempra Energy's payout ratio is currently 62.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 26th. Morgan Stanley restated an "overweight" rating and set a $93.00 price objective (up from $86.00) on shares of Sempra Energy in a research report on Wednesday. Citigroup reaffirmed a "neutral" rating and set a $80.00 price target (up from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. BMO Capital Markets raised their price target on Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Mizuho raised their price objective on Sempra Energy from $86.00 to $93.00 and gave the company an "outperform" rating in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $84.55.

Sempra Energy Company 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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