Bogart Wealth LLC Boosts Stake in Sempra Energy $SRE

Bogart Wealth LLC raised its position in Sempra Energy (NYSE:SRE) by 74.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444 shares of the utilities provider’s stock after acquiring an additional 189 shares during the quarter. Bogart Wealth LLC’s holdings in Sempra Energy were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Sempra Energy by 1.9% during the first quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider’s stock worth $4,584,032,000 after acquiring an additional 1,220,047 shares during the period. Wellington Management Group LLP increased its stake in shares of Sempra Energy by 26.8% during the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider’s stock worth $3,474,236,000 after buying an additional 10,278,893 shares during the period. Newport Trust Company LLC lifted its stake in Sempra Energy by 0.3% in the first quarter. Newport Trust Company LLC now owns 13,331,160 shares of the utilities provider’s stock worth $951,312,000 after acquiring an additional 41,104 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Sempra Energy by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,520,600 shares of the utilities provider’s stock worth $536,671,000 after acquiring an additional 291,026 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Sempra Energy by 12.4% in the 1st quarter. Invesco Ltd. now owns 7,489,903 shares of the utilities provider’s stock valued at $534,479,000 after purchasing an additional 823,663 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $82.01, for a total transaction of $419,399.14. Following the transaction, the executive vice president owned 39,380 shares in the company, valued at $3,229,553.80. The trade was a 11.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin C. Sagara sold 14,433 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $89.50, for a total value of $1,291,753.50. Following the completion of the sale, the director directly owned 1,042 shares of the company’s stock, valued at $93,259. The trade was a 93.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,411 shares of company stock valued at $4,141,790 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Price Performance

Shares of NYSE:SRE opened at $92.23 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. The business’s fifty day moving average price is $85.68 and its two-hundred day moving average price is $79.12. The stock has a market cap of $60.17 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 2.86 and a beta of 0.66. Sempra Energy has a one year low of $61.90 and a one year high of $95.77.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. On average, analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, October 1st. Sempra Energy’s dividend payout ratio (DPR) is 62.32%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating and set a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Barclays set a $101.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $93.00 target price (up previously from $86.00) on shares of Sempra Energy in a research note on Wednesday, September 24th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and an average target price of $89.50.

Sempra Energy Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.