RB Capital Management LLC acquired a new stake in Sempra Energy (NYSE:SRE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,617 shares of the utilities provider’s stock, valued at approximately $237,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Sempra Energy in the 2nd quarter valued at $25,000. River & Mercantile Asset Management LLP purchased a new stake in Sempra Energy in the 2nd quarter worth about $27,000. Westside Investment Management Inc. purchased a new stake in Sempra Energy in the 2nd quarter worth about $41,000. Meeder Asset Management Inc. purchased a new stake in Sempra Energy in the 2nd quarter worth about $47,000. Finally, Quantamental Technologies LLC purchased a new stake in Sempra Energy in the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 92.72% of the company’s stock.
In related news, COO Joseph A. Householder sold 14,304 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the completion of the sale, the chief operating officer now owns 45,991 shares in the company, valued at approximately $6,586,371.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.
SRE has been the topic of several research reports. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research report on Wednesday, July 24th. Bank of America lowered Sempra Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $141.00 to $142.00 in a research report on Thursday, June 27th. Morgan Stanley upped their target price on Sempra Energy from $147.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Barclays initiated coverage on Sempra Energy in a report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price objective on the stock. Finally, UBS Group increased their price objective on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $149.44.
Shares of NYSE SRE opened at $146.41 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market cap of $40.06 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.23 and a beta of 0.42. The business’s 50-day simple moving average is $143.01 and its 200-day simple moving average is $135.85. Sempra Energy has a 52 week low of $104.88 and a 52 week high of $148.14.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted $1.35 EPS. As a group, equities research analysts forecast that Sempra Energy will post 5.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 20th will be paid a dividend of $0.9675 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.87 annualized dividend and a yield of 2.64%. Sempra Energy’s payout ratio is 69.48%.
Sempra Energy Profile
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 generates, transmits, and distributes electricity; and supplies natural gas.
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