Insider Selling: Debra Reed Sells 19,000 Shares of Sempra Energy Stock (SRE)

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Sempra Energy (NYSE:SRE) CEO Debra Reed sold 19,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $99.40, for a total transaction of $1,888,600.00. Following the transaction, the chief executive officer now directly owns 57,763 shares of the company’s stock, valued at approximately $5,741,642. The transaction was disclosed in a filing with the SEC, which is available at this link.

SRE has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Sempra Energy from $102.00 to $105.00 in a research note on Monday. Separately, analysts at UBS AG initiated coverage on shares of Sempra Energy in a research note on Monday, April 14th. They set a “buy” rating and a $106.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Sempra Energy from $102.00 to $104.00 in a research note on Wednesday, April 2nd. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $97.06.

Shares of Sempra Energy (NYSE:SRE) opened at 100.41 on Thursday. Sempra Energy has a 52 week low of $77.49 and a 52 week high of $100.47. The stock’s 50-day moving average is $97.10 and its 200-day moving average is $92.53. The company has a market cap of $24.628 billion and a price-to-earnings ratio of 23.09.

Sempra Energy (NYSE:SRE) last released its earnings data on Friday, May 2nd. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.04. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company posted $0.99 earnings per share. Sempra Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Sempra Energy will post $4.46 EPS for the current fiscal year.

Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments consisting of San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).

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