Shelton Capital Management bought a new stake in Sempra Energy (NYSE:SRE) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,100 shares of the utilities provider’s stock, valued at approximately $1,779,000.
A number of other large investors have also recently made changes to their positions in SRE. Guardian Life Insurance Co. of America boosted its stake in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Sempra Energy during the first quarter valued at approximately $170,000. Signaturefd LLC purchased a new stake in shares of Sempra Energy during the first quarter valued at approximately $201,000. Finally, Miles Capital Inc. purchased a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $202,000. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
Sempra Energy (NYSE SRE) traded down 0.48% on Tuesday, hitting $113.49. The company’s stock had a trading volume of 66,470 shares. The company has a 50 day moving average price of $113.86 and a 200-day moving average price of $108.25. The company has a market capitalization of $28.47 billion, a P/E ratio of 19.53 and a beta of 0.56. Sempra Energy has a 1-year low of $92.95 and a 1-year high of $117.97.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.15. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $1.27 earnings per share. Sempra Energy’s revenue was up 15.6% compared to the same quarter last year. On average, equities analysts forecast that Sempra Energy will post $5.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Friday, July 7th will be issued a $0.8225 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $3.29 annualized dividend and a yield of 2.88%. Sempra Energy’s dividend payout ratio is currently 56.92%.
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Several equities research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $115.00 target price on shares of Sempra Energy in a report on Wednesday, May 10th. Morgan Stanley dropped their target price on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. BidaskClub raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a report on Thursday, June 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $119.60.
In related news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the transaction, the chief executive officer now directly owns 112,345 shares in the company, valued at $12,743,293.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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