US Bancorp DE Sells 5,214 Shares of Sempra Energy $SRE

Key Points

• US Bancorp DE has reduced its holdings in Sempra Energy by 3.4%, selling 5,214 shares during the 2nd quarter, leaving them with a total of 149,801 shares valued at approximately $11.35 million.
• Sempra Energy's stock is currently valued at $90.15, down 1.6% recently, with a market capitalization of $58.82 billion and a PE ratio of 21.78.
• Sempra Energy declared a quarterly dividend of $0.645, with an annualized yield of 2.9%, payable on October 15th to shareholders of record as of October 1st.

US Bancorp DE lessened its holdings in Sempra Energy (NYSE:SRE - Free Report) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 149,801 shares of the utilities provider's stock after selling 5,214 shares during the quarter. US Bancorp DE's holdings in Sempra Energy were worth $11,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Sempra Energy by 65.1% during the 1st quarter. Farther Finance Advisors LLC now owns 5,191 shares of the utilities provider's stock valued at $371,000 after purchasing an additional 2,046 shares in the last quarter. SG Americas Securities LLC raised its position in Sempra Energy by 462.0% during the 1st quarter. SG Americas Securities LLC now owns 10,548 shares of the utilities provider's stock valued at $753,000 after purchasing an additional 8,671 shares in the last quarter. Stock Yards Bank & Trust Co. raised its position in Sempra Energy by 1,283.7% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 265,485 shares of the utilities provider's stock valued at $18,945,000 after purchasing an additional 246,299 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sempra Energy by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173,408 shares of the utilities provider's stock valued at $12,374,000 after purchasing an additional 13,433 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in Sempra Energy by 8,087.5% during the 1st quarter. Byrne Asset Management LLC now owns 3,930 shares of the utilities provider's stock valued at $280,000 after purchasing an additional 3,882 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insider Activity

In other news, SVP Alexander Lisa Larroque sold 1,576 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was 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 represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Caroline Ann Winn sold 5,114 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $82.01, for a total value of $419,399.14. Following the completion of the sale, the executive vice president owned 39,380 shares in the company, valued at $3,229,553.80. The trade was a 11.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,987 shares of company stock valued at $4,267,870. Company insiders own 0.27% of the company's stock.

Sempra Energy Stock Down 1.6%

Shares of SRE stock opened at $90.15 on Friday. The stock's 50-day simple moving average is $84.32 and its 200-day simple moving average is $78.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. The firm has a market capitalization of $58.82 billion, a PE ratio of 21.78, a P/E/G ratio of 2.78 and a beta of 0.66. 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 data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share 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 analyst estimates of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts expect that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 2.9%. Sempra Energy's dividend payout ratio is currently 62.32%.

Analyst Ratings Changes

A number of brokerages have weighed in on SRE. Evercore ISI set a $105.00 target price on Sempra Energy and gave the company an "outperform" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "hold (c+)" rating on shares of Sempra Energy in a research report on Wednesday. BMO Capital Markets boosted their price target on Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, September 25th. Citigroup reaffirmed a "neutral" rating and set a $80.00 target price (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Finally, Mizuho upped their target price on Sempra Energy from $86.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.09.

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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