Sempra Energy (NYSE:SRE) Shares Sold by Motco

Motco trimmed its stake in Sempra Energy (NYSE:SRE) by 61.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 176 shares of the utilities provider’s stock after selling 278 shares during the period. Motco’s holdings in Sempra Energy were worth $26,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new position in Sempra Energy during the 2nd quarter valued at about $25,000. River & Mercantile Asset Management LLP purchased a new position in Sempra Energy in the second quarter valued at approximately $27,000. Garrett Wealth Advisory Group LLC purchased a new position in Sempra Energy in the third quarter valued at approximately $31,000. Westside Investment Management Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $41,000. Finally, Meeder Asset Management Inc. purchased a new position in Sempra Energy in the second quarter valued at approximately $47,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on SRE. JPMorgan Chase & Co. raised their price target on shares of Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price target for the company in a research note on Tuesday, October 15th. Wells Fargo & Co lifted their price target on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Barclays started coverage on shares of Sempra Energy in a research note on Tuesday, August 13th. They issued an “equal weight” rating and a $142.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of Sempra Energy from $152.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $151.27.

In related news, COO Joseph A. Householder sold 14,304 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $143.21, for a total value of $2,048,475.84. Following the completion of the sale, the chief operating officer now owns 45,991 shares of the company’s stock, valued at $6,586,371.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Sempra Energy stock traded up $1.70 during mid-day trading on Wednesday, reaching $146.63. The company’s stock had a trading volume of 51,437 shares, compared to its average volume of 1,556,021. The firm has a market cap of $40.06 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 3.08 and a beta of 0.41. The business has a 50 day moving average price of $144.98 and a 200-day moving average price of $138.66. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. Sempra Energy has a twelve month low of $104.88 and a twelve month high of $148.90.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, equities analysts expect that Sempra Energy will post 6.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were issued a $0.9675 dividend. This represents a $3.87 annualized dividend and a yield of 2.64%. The ex-dividend date was Thursday, September 19th. Sempra Energy’s payout ratio is currently 69.48%.

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

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