Warren Street Wealth Advisors LLC Invests $215,000 in Sempra Energy $SRE

Warren Street Wealth Advisors LLC purchased a new stake in Sempra Energy (NYSE:SRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,831 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other institutional investors have also made changes to their positions in SRE. GAMMA Investing LLC boosted its stake in shares of Sempra Energy by 4,338.0% in the first quarter. GAMMA Investing LLC now owns 592,074 shares of the utilities provider’s stock valued at $42,250,000 after buying an additional 578,733 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of Sempra Energy by 188.9% in the first quarter. Harbor Investment Advisory LLC now owns 855 shares of the utilities provider’s stock valued at $61,000 after buying an additional 559 shares during the period. Merit Financial Group LLC boosted its stake in shares of Sempra Energy by 171.2% in the first quarter. Merit Financial Group LLC now owns 11,107 shares of the utilities provider’s stock valued at $793,000 after buying an additional 7,012 shares during the period. Iams Wealth Management LLC boosted its stake in shares of Sempra Energy by 28.3% in the first quarter. Iams Wealth Management LLC now owns 11,540 shares of the utilities provider’s stock valued at $824,000 after buying an additional 2,548 shares during the period. Finally, KWB Wealth bought a new stake in shares of Sempra Energy in the first quarter valued at approximately $170,000. 89.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SRE shares. Barclays boosted their price target on Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 26th. Morgan Stanley restated an “overweight” rating and set a $93.00 price objective (up from $86.00) on shares of Sempra Energy in a research report on Wednesday, September 24th. BMO Capital Markets increased their price target on Sempra Energy from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Mizuho increased their price target on Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Citigroup reaffirmed a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.55.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, 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 sale, the executive vice president owned 39,380 shares of the company’s stock, valued at $3,229,553.80. The trade was a 11.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total transaction of $126,080.00. Following the sale, the senior vice president directly owned 15,600 shares in the company, valued at $1,248,000. The trade was a 9.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,987 shares of company stock valued at $4,267,870 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Sempra Energy Price Performance

Shares of NYSE SRE opened at $89.22 on Thursday. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The stock’s 50 day moving average price is $82.82 and its 200-day moving average price is $76.99. The company has a market capitalization of $58.21 billion, a PE ratio of 21.55, a PEG ratio of 2.85 and a beta of 0.66. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. Sempra Energy’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, equities analysts anticipate that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.645 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 dividend on an annualized basis and a yield of 2.9%. Sempra Energy’s payout ratio is presently 62.32%.

About Sempra Energy

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.