Warren Street Wealth Advisors LLC Invests $215,000 in Sempra Energy $SRE

Key Points

• Warren Street Wealth Advisors LLC invested approximately $215,000 in Sempra Energy, acquiring 2,831 shares during the 2nd quarter.
• Several institutional investors significantly increased their holdings in Sempra Energy, with GAMMA Investing LLC boosting its position by 4,338.0% in the 1st quarter.
• Sempra Energy announced a quarterly dividend of $0.645 per share, representing an annualized yield of 2.9%, set to be paid on October 15th.

Warren Street Wealth Advisors LLC purchased a new position in Sempra Energy (NYSE:SRE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,831 shares of the utilities provider's stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SRE. GAMMA Investing LLC boosted its position in shares of Sempra Energy by 4,338.0% in the 1st quarter. GAMMA Investing LLC now owns 592,074 shares of the utilities provider's stock worth $42,250,000 after purchasing an additional 578,733 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in Sempra Energy by 188.9% during the first quarter. Harbor Investment Advisory LLC now owns 855 shares of the utilities provider's stock worth $61,000 after acquiring an additional 559 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Sempra Energy by 171.2% during the first quarter. Merit Financial Group LLC now owns 11,107 shares of the utilities provider's stock worth $793,000 after acquiring an additional 7,012 shares in the last quarter. Iams Wealth Management LLC lifted its holdings in Sempra Energy by 28.3% during the first quarter. Iams Wealth Management LLC now owns 11,540 shares of the utilities provider's stock worth $824,000 after acquiring an additional 2,548 shares in the last quarter. Finally, KWB Wealth bought a new position in Sempra Energy during the first quarter worth about $170,000. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SRE has been the topic of several recent analyst reports. Mizuho lifted their target price on Sempra Energy from $86.00 to $93.00 and gave the stock an "outperform" rating in a report on Wednesday, September 24th. BMO Capital Markets lifted their target price on Sempra Energy from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. 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, August 26th. Citigroup reissued a "neutral" rating and issued a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $93.00 price target (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 six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Sempra Energy Price Performance

NYSE:SRE opened at $89.22 on Thursday. 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 stock's 50-day simple moving average is $82.82 and its 200 day simple moving average is $76.99. The company has a market cap of $58.21 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.85 and a beta of 0.66. Sempra Energy has a 52-week low of $61.90 and a 52-week high of $95.77.

Sempra Energy (NYSE:SRE - Get Free Report) last released its earnings results 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 business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.Sempra Energy's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, sell-side analysts forecast 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 Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given 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 payout ratio is currently 62.32%.

Insider Activity at Sempra Energy

In related news, EVP Caroline Ann Winn sold 5,114 shares of Sempra Energy 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 sale, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the completion of the sale, the senior vice president directly owned 15,600 shares in the company, valued at approximately $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,987 shares of company stock valued at $4,267,870. 0.27% of the stock is owned by insiders.

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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