Sempra Energy $SRE Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its position in shares of Sempra Energy (NYSE:SRE) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,305 shares of the utilities provider’s stock after purchasing an additional 9,820 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Sempra Energy were worth $20,860,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its stake in Sempra Energy by 10.3% during the first quarter. Jacobi Capital Management LLC now owns 5,641 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 526 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sempra Energy by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,495,527 shares of the utilities provider’s stock valued at $249,435,000 after acquiring an additional 229,045 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Sempra Energy by 46.0% during the first quarter. Panagora Asset Management Inc. now owns 37,501 shares of the utilities provider’s stock valued at $2,676,000 after acquiring an additional 11,811 shares during the period. Energy Income Partners LLC boosted its holdings in shares of Sempra Energy by 2.5% during the first quarter. Energy Income Partners LLC now owns 2,182,448 shares of the utilities provider’s stock valued at $155,739,000 after acquiring an additional 52,838 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sempra Energy by 8.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 173,408 shares of the utilities provider’s stock valued at $12,374,000 after acquiring an additional 13,433 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Price Performance

Shares of Sempra Energy stock opened at $91.48 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $83.20 and its two-hundred day moving average price is $77.26. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77. The stock has a market cap of $59.68 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period in the previous year, the business earned $0.89 earnings per share. Sempra Energy’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.645 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.58 annualized dividend and a yield of 2.8%. Sempra Energy’s payout ratio is 62.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Mizuho boosted their price target on shares of Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Saturday, September 27th. BMO Capital Markets lifted their price objective on shares of Sempra Energy from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Finally, Citigroup restated a “neutral” rating and set a $80.00 price objective (up from $70.00) on shares of Sempra Energy in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Sempra Energy currently has a consensus rating of “Hold” and a consensus target price of $84.55.

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $82.01, for a total transaction of $419,399.14. Following the sale, the executive vice president owned 39,380 shares in the company, valued at approximately $3,229,553.80. The trade was a 11.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the business’s 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 sale, the senior vice president owned 15,600 shares in the company, valued at approximately $1,248,000. The trade was a 9.18% 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 worth $4,267,870. 0.27% of the stock is owned by corporate insiders.

Sempra Energy 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.