Liberty Wealth Management LLC Raises Stock Holdings in Sempra Energy (NYSE:SRE)

Liberty Wealth Management LLC grew its position in shares of Sempra Energy (NYSE:SRE) by 182.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,140 shares of the utilities provider’s stock after buying an additional 737 shares during the period. Liberty Wealth Management LLC’s holdings in Sempra Energy were worth $157,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its holdings in Sempra Energy by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after buying an additional 74 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Sempra Energy by 4.1% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 2,080 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 81 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Sempra Energy by 35.0% in the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 84 shares during the last quarter. Ninepoint Partners LP lifted its holdings in shares of Sempra Energy by 3.6% in the 1st quarter. Ninepoint Partners LP now owns 2,527 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 88 shares during the last quarter. Finally, HCR Wealth Advisors lifted its holdings in shares of Sempra Energy by 2.8% in the 1st quarter. HCR Wealth Advisors now owns 3,485 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 96 shares during the last quarter. 96.94% of the stock is currently owned by institutional investors.

In related news, insider Joseph A. Householder sold 50,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $134.80, for a total value of $6,793,920.00. Following the sale, the insider now directly owns 55,115 shares in the company, valued at approximately $7,429,502. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffrey W. Martin sold 9,392 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $133.85, for a total value of $1,257,119.20. Following the completion of the sale, the chairman now owns 36,403 shares in the company, valued at $4,872,541.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,515 shares of company stock worth $8,148,984. 0.13% of the stock is owned by insiders.

Several analysts recently issued reports on SRE shares. Wells Fargo & Co raised their price target on Sempra Energy from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price target on the stock. in a report on Wednesday, July 24th. ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Argus raised their price target on Sempra Energy to $142.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price target on Sempra Energy from $132.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $142.43.

SRE opened at $137.68 on Friday. Sempra Energy has a 12 month low of $104.88 and a 12 month high of $141.86. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24. The firm has a market cap of $37.11 billion, a PE ratio of 24.72, a P/E/G ratio of 2.89 and a beta of 0.45. The firm has a 50 day simple moving average of $138.43.

Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing the 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, equities analysts predict that Sempra Energy will post 6.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, July 5th were given a $0.9675 dividend. This represents a $3.87 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, July 3rd. Sempra Energy’s dividend payout ratio is currently 69.48%.

About Sempra Energy

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.

Further Reading: Outperform Rating

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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