Traders Sell Sempra Energy (SRE) on Strength (SRE)
Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Friday. $49.15 million flowed into the stock on the tick-up and $287.13 million flowed out of the stock on the tick-down, for a money net flow of $237.98 million out of the stock. Of all stocks tracked, Sempra Energy had the 0th highest net out-flow for the day. Sempra Energy traded up $1.42 for the day and closed at $106.62
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 1st. Goldman Sachs Group Inc. cut shares of Sempra Energy from a “conviction-buy” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $108.00 in a research report on Monday, June 6th. They noted that the move was a valuation call.
The firm has a market capitalization of $26.67 billion, a P/E ratio of 28.15 and a beta of 0.47. The company’s 50-day moving average is $107.06 and its 200 day moving average is $106.17.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.18. Sempra Energy had a net margin of 9.56% and a return on equity of 9.49%. The business earned $2.16 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities analysts forecast that Sempra Energy will post $4.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Thursday, September 29th will be issued a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, September 27th. Sempra Energy’s dividend payout ratio (DPR) is presently 79.68%.
In other news, Director William P. Rutledge sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $107.20, for a total value of $536,000.00. Following the completion of the transaction, the director now owns 10,838 shares of the company’s stock, valued at $1,161,833.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the completion of the transaction, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at approximately $279,438.90. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of SRE. Point72 Asia Hong Kong Ltd raised its position in Sempra Energy by 200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 900 shares of the company’s stock worth $103,000 after buying an additional 600 shares in the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in Sempra Energy during the second quarter worth $114,000. Cantab Capital Partners LLP purchased a new position in Sempra Energy during the second quarter worth $126,000. Pinkerton Retirement Specialists LLC purchased a new position in Sempra Energy during the second quarter worth $128,000. Finally, FineMark National Bank & Trust raised its position in Sempra Energy by 4.3% in the second quarter. FineMark National Bank & Trust now owns 1,134 shares of the company’s stock worth $129,000 after buying an additional 47 shares in the last quarter. 79.55% of the stock is owned by institutional investors and hedge funds.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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