MGO One Seven LLC Boosts Holdings in Sempra Energy $SRE

MGO One Seven LLC grew its position in shares of Sempra Energy (NYSE:SRE) by 13.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,791 shares of the utilities provider’s stock after purchasing an additional 2,337 shares during the period. MGO One Seven LLC’s holdings in Sempra Energy were worth $1,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Sempra Energy by 1.9% in the first quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider’s stock worth $4,584,032,000 after buying an additional 1,220,047 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Sempra Energy by 26.8% in the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider’s stock worth $3,474,236,000 after buying an additional 10,278,893 shares during the last quarter. Newport Trust Company LLC increased its stake in shares of Sempra Energy by 0.3% in the first quarter. Newport Trust Company LLC now owns 13,331,160 shares of the utilities provider’s stock worth $951,312,000 after buying an additional 41,104 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Sempra Energy by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,520,600 shares of the utilities provider’s stock worth $536,671,000 after buying an additional 291,026 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Sempra Energy by 12.4% in the first quarter. Invesco Ltd. now owns 7,489,903 shares of the utilities provider’s stock worth $534,479,000 after buying an additional 823,663 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays lifted their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, October 8th. Mizuho lifted their price target on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Evercore ISI set a $105.00 price objective on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy has a consensus rating of “Hold” and an average price target of $86.09.

Insider Activity

In other news, Director Kevin C. Sagara sold 28,864 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the completion of the transaction, the director owned 15,475 shares of the company’s stock, valued at approximately $1,303,149.75. The trade was a 65.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the transaction, the executive vice president directly owned 39,380 shares of the company’s stock, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,987 shares of company stock valued at $4,267,870. 0.27% of the stock is currently owned by company insiders.

Sempra Energy Stock Performance

Sempra Energy stock opened at $92.30 on Thursday. The company has a market cap of $60.22 billion, a PE ratio of 22.29, a P/E/G ratio of 2.81 and a beta of 0.66. The company has a fifty day moving average price of $84.89 and a two-hundred day moving average price of $78.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.645 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Sempra Energy’s payout ratio is 62.32%.

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.