Himension Capital Singapore PTE. LTD. Sells 843 Shares of Sempra Energy $SRE

Himension Capital Singapore PTE. LTD. lowered its position in Sempra Energy (NYSE:SRE) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,012 shares of the utilities provider’s stock after selling 843 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Sempra Energy were worth $2,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. increased its stake in Sempra Energy by 51.2% in the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 127 shares during the last quarter. Pingora Partners LLC grew its holdings in shares of Sempra Energy by 48.3% during the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Sempra Energy by 245.1% in the second quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 299 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in Sempra Energy by 230.8% in the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in Sempra Energy by 74.1% in the second quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Down 1.6%

Shares of NYSE:SRE opened at $92.39 on Wednesday. The stock’s 50-day moving average price is $90.87 and its 200-day moving average price is $82.89. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.72. The stock has a market capitalization of $60.30 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last released its earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.Sempra Energy’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 EPS. On average, equities analysts anticipate that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 11th. Sempra Energy’s dividend payout ratio is 79.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SRE shares. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. BMO Capital Markets upped their target price on shares of Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $98.00 price target on Sempra Energy in a research report on Thursday, November 20th. Citigroup reaffirmed a “neutral” rating and set a $99.00 price target (up previously from $80.00) on shares of Sempra Energy in a research note on Monday. Finally, Barclays decreased their price objective on Sempra Energy from $101.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.92.

Insider Activity

In other news, Director Kevin C. Sagara sold 14,433 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $89.50, for a total value of $1,291,753.50. Following the transaction, the director owned 1,042 shares in the company, valued at approximately $93,259. This trade represents a 93.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander Lisa Larroque sold 4,322 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $92.55, for a total transaction of $400,001.10. Following the sale, the senior vice president owned 11,325 shares of the company’s stock, valued at $1,048,128.75. This represents a 27.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,693 shares of company stock valued at $5,507,997. Corporate insiders own 0.27% of the company’s stock.

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.