Investors Sell Shares of Sempra Energy (SRE) on Strength (SRE)

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Traders sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Friday. $27.04 million flowed into the stock on the tick-up and $41.12 million flowed out of the stock on the tick-down, for a money net flow of $14.08 million out of the stock. Of all companies tracked, Sempra Energy had the 25th highest net out-flow for the day. Sempra Energy traded up $0.20 for the day and closed at $126.07

A number of brokerages have recently issued reports on SRE. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a report on Tuesday, February 26th. Wells Fargo & Co upped their price target on Sempra Energy from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $125.43.

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.48 and a quick ratio of 0.45. The firm has a market cap of $34.27 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.50 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last posted its earnings results on Tuesday, February 26th. The utilities provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. Sempra Energy had a return on equity of 9.54% and a net margin of 8.73%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. Sempra Energy’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that Sempra Energy will post 6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 22nd will be issued a $0.9675 dividend. This is an increase from Sempra Energy’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, March 21st. This represents a $3.87 dividend on an annualized basis and a yield of 3.07%. Sempra Energy’s dividend payout ratio is currently 64.27%.

In other Sempra Energy news, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $120.86, for a total value of $289,217.98. Following the transaction, the vice president now owns 12,461 shares of the company’s stock, valued at $1,506,036.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Peter R. Wall sold 1,049 shares of the stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $112.26, for a total value of $117,760.74. Following the completion of the transaction, the vice president now directly owns 2,815 shares in the company, valued at approximately $316,011.90. The disclosure for this sale can be found here. In the last three months, insiders sold 8,442 shares of company stock worth $942,429. 0.16% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Occidental Asset Management LLC bought a new position in shares of Sempra Energy in the fourth quarter worth about $217,000. Magellan Asset Management Ltd raised its stake in shares of Sempra Energy by 13.4% in the fourth quarter. Magellan Asset Management Ltd now owns 1,876,956 shares of the utilities provider’s stock worth $203,068,000 after buying an additional 221,608 shares during the period. Norges Bank bought a new position in shares of Sempra Energy in the fourth quarter worth about $653,205,000. Actinver Wealth Management Inc. bought a new position in shares of Sempra Energy in the fourth quarter worth about $212,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Sempra Energy by 9.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,474 shares of the utilities provider’s stock worth $159,000 after buying an additional 127 shares during the period. 95.83% of the stock is currently owned by institutional investors.

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Sempra Energy Company Profile (NYSE:SRE)

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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