Assetmark Inc. lessened its holdings in Sempra Energy (NYSE:SRE – Free Report) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 413,801 shares of the utilities provider’s stock after selling 6,509 shares during the quarter. Assetmark Inc.’s holdings in Sempra Energy were worth $40,209,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of SRE. Bell Investment Advisors Inc lifted its stake in shares of Sempra Energy by 79.5% in the 1st quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Ares Financial Consulting LLC bought a new position in shares of Sempra Energy in the fourth quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Sempra Energy by 57.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares during the period. Key Financial Inc lifted its stake in shares of Sempra Energy by 73.6% in the fourth quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock worth $32,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.
Sempra Energy Stock Down 0.9%
NYSE:SRE opened at $92.31 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. Sempra Energy has a 12-month low of $76.43 and a 12-month high of $101.04. The stock’s fifty day simple moving average is $91.94 and its 200-day simple moving average is $92.30. The firm has a market capitalization of $60.34 billion, a P/E ratio of 31.29, a P/E/G ratio of 2.24 and a beta of 0.56.
Sempra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 25th were issued a dividend of $0.6575 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. Sempra Energy’s payout ratio is presently 89.15%.
Insider Transactions at Sempra Energy
In related news, insider Diana L. Day sold 3,300 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $92.13, for a total value of $304,029.00. Following the transaction, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This trade represents a 24.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,900 shares of company stock worth $1,261,207. Company insiders own 0.31% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $105.00 price objective on shares of Sempra Energy in a research note on Wednesday, June 24th. Truist Financial set a $104.00 price target on shares of Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. Barclays decreased their price objective on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sempra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $104.08.
Get Our Latest Research Report on SRE
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.
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