RWA Wealth Partners LLC Sells 4,882 Shares of Sempra Energy $SRE

Key Points

• RWA Wealth Partners LLC significantly reduced its position in Sempra Energy by 62.2%, now holding only 2,970 shares valued at $212,000.
• Insiders, including SVP Alexander Lisa Larroque and EVP Caroline Ann Winn, have sold shares, with Larroque decreasing his holdings by 9.18% and Winn by 11.49%.
• Sempra Energy reported earnings of $0.89 per share, exceeding analyst estimates, but its revenue of $3 billion fell short of the anticipated $3.35 billion.

RWA Wealth Partners LLC reduced its position in Sempra Energy (NYSE:SRE - Free Report) by 62.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,970 shares of the utilities provider's stock after selling 4,882 shares during the period. RWA Wealth Partners LLC's holdings in Sempra Energy were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of Sempra Energy by 5.3% during the 4th quarter. NewEdge Advisors LLC now owns 21,695 shares of the utilities provider's stock worth $1,903,000 after acquiring an additional 1,089 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sempra Energy by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,923,127 shares of the utilities provider's stock worth $168,692,000 after purchasing an additional 93,131 shares during the last quarter. MML Investors Services LLC raised its stake in Sempra Energy by 1.2% during the fourth quarter. MML Investors Services LLC now owns 47,989 shares of the utilities provider's stock valued at $4,210,000 after purchasing an additional 592 shares in the last quarter. Stifel Financial Corp lifted its position in Sempra Energy by 1.1% during the fourth quarter. Stifel Financial Corp now owns 474,564 shares of the utilities provider's stock valued at $41,629,000 after purchasing an additional 5,350 shares during the last quarter. Finally, J. Safra Sarasin Holding AG bought a new position in Sempra Energy during the fourth quarter valued at $1,347,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Trading Up 0.1%

Shares of SRE traded up $0.07 during mid-day trading on Tuesday, reaching $81.76. 3,964,103 shares of the company's stock traded hands, compared to its average volume of 3,547,895. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The stock's 50-day moving average is $78.54 and its two-hundred day moving average is $75.69. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77. The stock has a market cap of $53.35 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.29 and a beta of 0.62.

Sempra Energy (NYSE:SRE - Get Free Report) last posted 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 company had revenue of $3 billion during 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 revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. Research analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Caroline Ann Winn sold 5,114 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $126,080.00. Following the completion of the transaction, the senior vice president directly owned 15,600 shares in the company, valued at $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Morgan Stanley reissued an "overweight" rating on shares of Sempra Energy in a research note on Thursday, August 21st. Citigroup reaffirmed a "neutral" rating and issued a $80.00 price objective (up from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Finally, Barclays lifted their target price on Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

About Sempra Energy

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.