Pandora Wealth Inc. Has $1.10 Million Stock Position in Sempra Energy $SRE

Pandora Wealth Inc. trimmed its position in Sempra Energy (NYSE:SRE) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,447 shares of the utilities provider’s stock after selling 685 shares during the quarter. Pandora Wealth Inc.’s holdings in Sempra Energy were worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SRE. Pingora Partners LLC increased its position in Sempra Energy by 48.3% in the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 140 shares during the period. ST Germain D J Co. Inc. increased its position in Sempra Energy by 230.8% in the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 300 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Sempra Energy in the first quarter worth about $38,000. Eastern Bank increased its position in Sempra Energy by 73.7% in the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 246 shares during the period. Finally, Barrett & Company Inc. bought a new position in Sempra Energy during the second quarter worth about $51,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on SRE. Citigroup restated a “neutral” rating and set a $80.00 target price (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Evercore ISI set a $105.00 target price on Sempra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. BMO Capital Markets raised their target price on Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, October 8th. Finally, Barclays raised their target price on Sempra Energy from $71.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.09.

Sempra Energy Trading Down 1.6%

NYSE:SRE opened at $90.15 on Monday. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The stock has a market capitalization of $58.82 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.78 and a beta of 0.66. The business’s 50-day simple moving average is $84.32 and its 200-day simple moving average is $78.14.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $0.89 EPS. Sempra Energy’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts expect that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.645 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.58 annualized dividend and a yield of 2.9%. Sempra Energy’s payout ratio is presently 62.32%.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total value of $126,080.00. Following the sale, the senior vice president owned 15,600 shares in the company, valued at approximately $1,248,000. The trade was a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total value of $419,399.14. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,987 shares of company stock worth $4,267,870. Corporate insiders own 0.27% of the company’s stock.

About Sempra Energy

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.