Joseph A. Householder Sells 14,304 Shares of Sempra Energy (NYSE:SRE) Stock

Sempra Energy (NYSE:SRE) COO Joseph A. Householder sold 14,304 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the transaction, the chief operating officer now directly owns 45,991 shares of the company’s stock, valued at approximately $6,586,371.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of SRE traded up $0.37 during trading hours on Friday, reaching $142.20. The company’s stock had a trading volume of 27,656 shares, compared to its average volume of 1,280,282. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.08 and a beta of 0.41. Sempra Energy has a 1-year low of $104.88 and a 1-year high of $144.93. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average of $139.15 and a two-hundred day moving average of $132.03.

Sempra Energy (NYSE:SRE) last issued its earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.32 billion. Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. During the same quarter in the prior year, the company earned $1.35 EPS. As a group, analysts forecast that Sempra Energy will post 6.03 EPS for the current fiscal year.

SRE has been the subject of several analyst reports. Bank of America downgraded shares of Sempra Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $141.00 to $142.00 in a report on Thursday, June 27th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Monday, August 26th. KeyCorp initiated coverage on shares of Sempra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $151.00 price objective for the company. Zacks Investment Research downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price objective for the company. in a report on Wednesday, July 24th. Finally, Barclays assumed coverage on shares of Sempra Energy in a report on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Sempra Energy presently has a consensus rating of “Hold” and a consensus target price of $142.25.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Sempra Energy by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after purchasing an additional 253,809 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Sempra Energy by 30.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,263 shares of the utilities provider’s stock worth $2,047,000 after acquiring an additional 3,804 shares during the last quarter. Janus Henderson Group PLC increased its stake in Sempra Energy by 4.5% in the 1st quarter. Janus Henderson Group PLC now owns 675,326 shares of the utilities provider’s stock worth $84,998,000 after acquiring an additional 29,039 shares during the last quarter. Moors & Cabot Inc. bought a new position in Sempra Energy in the 1st quarter worth about $252,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Sempra Energy by 40.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 56,462 shares of the utilities provider’s stock worth $7,107,000 after acquiring an additional 16,209 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Sempra Energy Company 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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