Sempra Energy $SRE Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its position in Sempra Energy (NYSE:SRE) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,087 shares of the utilities provider’s stock after acquiring an additional 6,157 shares during the period. Foundations Investment Advisors LLC’s holdings in Sempra Energy were worth $12,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC boosted its stake in Sempra Energy by 16.3% during the 3rd quarter. AE Wealth Management LLC now owns 6,542 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 917 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Sempra Energy by 74.6% in the third quarter. Activest Wealth Management now owns 391 shares of the utilities provider’s stock worth $35,000 after buying an additional 167 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Sempra Energy by 1.1% during the third quarter. TD Waterhouse Canada Inc. now owns 488,839 shares of the utilities provider’s stock worth $43,516,000 after acquiring an additional 5,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Sempra Energy by 19.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,334 shares of the utilities provider’s stock valued at $7,678,000 after acquiring an additional 13,864 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sempra Energy by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,159,207 shares of the utilities provider’s stock valued at $464,225,000 after acquiring an additional 60,247 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Energy Price Performance

NYSE:SRE opened at $86.72 on Thursday. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.72. The stock’s fifty day moving average is $89.32 and its two-hundred day moving average is $87.05. The company has a market capitalization of $56.60 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.32 and a beta of 0.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.89 EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Equities analysts expect that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 11th were paid a dividend of $0.645 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.58 annualized dividend and a yield of 3.0%. Sempra Energy’s dividend payout ratio is presently 79.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SRE. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, January 21st. BMO Capital Markets lifted their price objective on Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Evercore ISI set a $105.00 price objective on Sempra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Wall Street Zen raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Jefferies Financial Group set a $89.00 price target on Sempra Energy and gave the stock a “hold” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.83.

Insider Transactions at Sempra Energy

In other Sempra Energy news, CFO Karen L. Sedgwick sold 7,564 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $92.29, for a total value of $698,081.56. Following the completion of the transaction, the chief financial officer owned 41,280 shares in the company, valued at $3,809,731.20. The trade was a 15.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Alexander Lisa Larroque sold 4,322 shares of Sempra Energy stock in a transaction on Friday, November 7th. The shares were sold at an average price of $92.55, for a total value of $400,001.10. Following the completion of the transaction, the senior vice president owned 11,325 shares of the company’s stock, valued at approximately $1,048,128.75. This trade represents a 27.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 19,396 shares of company stock valued at $1,785,606. Insiders own 0.27% of the company’s stock.

Sempra Energy Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.