Sempra Energy $SRE Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its position in shares of Sempra Energy (NYSE:SRE) by 23.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 494,006 shares of the utilities provider’s stock after acquiring an additional 92,990 shares during the period. TD Asset Management Inc’s holdings in Sempra Energy were worth $37,431,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SRE. SG Americas Securities LLC lifted its position in shares of Sempra Energy by 462.0% during the 1st quarter. SG Americas Securities LLC now owns 10,548 shares of the utilities provider’s stock worth $753,000 after buying an additional 8,671 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sempra Energy by 8.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173,408 shares of the utilities provider’s stock worth $12,374,000 after buying an additional 13,433 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Sempra Energy by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 295,628 shares of the utilities provider’s stock worth $21,096,000 after buying an additional 5,337 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Sempra Energy by 4.8% during the 1st quarter. QRG Capital Management Inc. now owns 5,742 shares of the utilities provider’s stock worth $410,000 after buying an additional 261 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of Sempra Energy by 10.2% during the 1st quarter. Insigneo Advisory Services LLC now owns 3,491 shares of the utilities provider’s stock worth $249,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Energy Stock Down 1.2%

Shares of Sempra Energy stock opened at $91.16 on Friday. The company has a market cap of $59.48 billion, a P/E ratio of 22.02, a PEG ratio of 2.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. Sempra Energy has a one year low of $61.90 and a one year high of $95.77. The firm has a fifty day moving average of $85.05 and a two-hundred day moving average of $78.61.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. Sempra Energy’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

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

Insiders Place Their Bets

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the company’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 completion of the transaction, the executive vice president owned 39,380 shares in the company, valued at approximately $3,229,553.80. This represents a 11.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin C. Sagara sold 28,864 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,987 shares of company stock worth $4,267,870. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on SRE. Citigroup restated a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Morgan Stanley restated an “overweight” rating and set a $93.00 price objective (up previously from $86.00) on shares of Sempra Energy in a research report on Wednesday, September 24th. BMO Capital Markets boosted their price objective on shares of Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Barclays upped their price target on shares of Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.09.

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.