TD Private Client Wealth LLC Has $933,000 Stock Position in Sempra Energy $SRE

Key Points

• TD Private Client Wealth LLC increased its stake in Sempra Energy by 68.7% in Q2, bringing its holdings to 12,315 shares valued at approximately $933,000.
• Several institutional investors also made changes to their positions in Sempra, with 89.65% of the stock now owned by such entities.
• Sempra Energy reported an EPS of $0.89 for the latest quarter, surpassing estimates, and announced a quarterly dividend of $0.645 per share effective October 15th.

TD Private Client Wealth LLC raised its holdings in Sempra Energy (NYSE:SRE - Free Report) by 68.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,315 shares of the utilities provider's stock after acquiring an additional 5,015 shares during the quarter. TD Private Client Wealth LLC's holdings in Sempra Energy were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in Sempra Energy by 1.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 282,280 shares of the utilities provider's stock valued at $21,388,000 after acquiring an additional 3,351 shares during the period. IMS Capital Management acquired a new position in Sempra Energy in the 2nd quarter valued at approximately $220,000. Ballentine Partners LLC acquired a new position in Sempra Energy in the 2nd quarter valued at approximately $215,000. Fifth Third Bancorp increased its position in Sempra Energy by 0.5% in the 2nd quarter. Fifth Third Bancorp now owns 41,249 shares of the utilities provider's stock valued at $3,125,000 after acquiring an additional 205 shares during the period. Finally, Occidental Asset Management LLC acquired a new position in Sempra Energy in the 2nd quarter valued at approximately $307,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of the firm'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 transaction, the senior vice president directly owned 15,600 shares of the company's stock, valued at approximately $1,248,000. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin C. Sagara sold 28,864 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the completion of the transaction, the director directly owned 15,475 shares in the company, valued at $1,303,149.75. This trade represents a 65.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,554 shares of company stock valued at $2,976,117 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SRE has been the subject of several recent research reports. Citigroup restated a "neutral" rating and issued a $80.00 price target (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Barclays increased their price objective on shares of Sempra Energy from $71.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 26th. Morgan Stanley reiterated 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. Mizuho increased their price objective on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Sempra Energy presently has an average rating of "Moderate Buy" and an average target price of $84.55.

Sempra Energy Stock Up 2.4%

Shares of NYSE SRE opened at $88.60 on Friday. The firm has a market cap of $57.81 billion, a PE ratio of 21.40, a P/E/G ratio of 2.76 and a beta of 0.65. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.77. The company's fifty day simple moving average is $82.19 and its 200 day simple moving average is $76.57. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. Sempra Energy's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. As a group, sell-side analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.645 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 annualized dividend and a yield of 2.9%. Sempra Energy's dividend payout ratio is currently 62.32%.

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.

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