TD Private Client Wealth LLC Has $521,000 Stake in Sempra Energy (NYSE:SRE)

TD Private Client Wealth LLC lessened its position in Sempra Energy (NYSE:SRE - Free Report) by 57.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the utilities provider's stock after selling 9,672 shares during the period. TD Private Client Wealth LLC's holdings in Sempra Energy were worth $521,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC increased its position in shares of Sempra Energy by 1.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider's stock worth $719,000 after acquiring an additional 124 shares in the last quarter. MJP Associates Inc. ADV increased its position in shares of Sempra Energy by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider's stock worth $543,000 after acquiring an additional 125 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Sempra Energy by 5.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider's stock worth $232,000 after acquiring an additional 126 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Sempra Energy by 5.1% during the first quarter. Wesbanco Bank Inc. now owns 3,212 shares of the utilities provider's stock worth $229,000 after acquiring an additional 156 shares in the last quarter. Finally, Centre Asset Management LLC increased its position in shares of Sempra Energy by 3.3% during the first quarter. Centre Asset Management LLC now owns 4,986 shares of the utilities provider's stock worth $356,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insider Activity

In other news, insider Diana L. Day sold 8,015 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total transaction of $595,193.90. Following the completion of the sale, the insider owned 16,969 shares in the company, valued at approximately $1,260,117.94. This trade represents a 32.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company's stock.

Sempra Energy Stock Performance

SRE stock traded up $0.02 during trading hours on Monday, reaching $74.58. The stock had a trading volume of 2,345,744 shares, compared to its average volume of 3,878,374. The stock has a market capitalization of $48.62 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $75.91 and a 200 day simple moving average of $76.30. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77.

Sempra Energy (NYSE:SRE - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.12. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $3.90 billion. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. Analysts predict that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Thursday, June 26th. Sempra Energy's dividend payout ratio is presently 56.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SRE. BMO Capital Markets increased their price objective on shares of Sempra Energy from $78.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Citigroup reduced their target price on shares of Sempra Energy from $93.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Barclays set a $71.00 target price on shares of Sempra Energy and gave the stock an "equal weight" rating in a report on Thursday. Argus cut shares of Sempra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group reduced their target price on shares of Sempra Energy from $77.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.75.

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.