Truist Financial Corp Sells 4,931 Shares of Sempra Energy $SRE

Truist Financial Corp reduced its position in Sempra Energy (NYSE:SRE - Free Report) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,865 shares of the utilities provider's stock after selling 4,931 shares during the quarter. Truist Financial Corp's holdings in Sempra Energy were worth $5,369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Greenleaf Trust raised its holdings in shares of Sempra Energy by 10.9% in the second quarter. Greenleaf Trust now owns 11,139 shares of the utilities provider's stock valued at $844,000 after acquiring an additional 1,093 shares in the last quarter. G&S Capital LLC raised its holdings in shares of Sempra Energy by 106.0% in the second quarter. G&S Capital LLC now owns 8,245 shares of the utilities provider's stock valued at $625,000 after acquiring an additional 4,242 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Sempra Energy by 2.4% in the second quarter. Janney Montgomery Scott LLC now owns 302,644 shares of the utilities provider's stock valued at $22,931,000 after acquiring an additional 7,016 shares in the last quarter. GC Wealth Management RIA LLC bought a new stake in shares of Sempra Energy in the second quarter valued at about $289,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Sempra Energy by 4.9% in the second quarter. V Square Quantitative Management LLC now owns 14,129 shares of the utilities provider's stock valued at $1,071,000 after acquiring an additional 660 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,248,000. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin C. Sagara sold 28,864 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $84.21, for a total value of $2,430,637.44. Following the completion of the transaction, the director directly owned 15,475 shares of the company's stock, valued at $1,303,149.75. The trade was a 65.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,987 shares of company stock valued at $4,267,870. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SRE has been the topic of several analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sempra Energy in a research note on Saturday, September 27th. Barclays lifted their target price on Sempra Energy from $71.00 to $80.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 26th. Evercore ISI set a $105.00 target price on Sempra Energy and gave the company an "outperform" rating in a research note on Monday. Citigroup reiterated a "neutral" rating and issued a $80.00 target price (up previously from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $93.00 target price (up previously from $86.00) on shares of Sempra Energy in a research note on Wednesday, September 24th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $86.09.

Sempra Energy Trading Up 1.6%

Sempra Energy stock opened at $93.98 on Wednesday. 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 has a 52 week low of $61.90 and a 52 week high of $95.77. The company has a market capitalization of $61.32 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The stock has a 50-day moving average price of $83.70 and a 200 day moving average price of $77.63.

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

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued 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 2.7%. Sempra Energy's payout ratio is presently 62.32%.

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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