Rossby Financial LCC Sells 369 Shares of Sempra Energy $SRE

Rossby Financial LCC lowered its stake in shares of Sempra Energy (NYSE:SRE) by 25.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,072 shares of the utilities provider’s stock after selling 369 shares during the period. Rossby Financial LCC’s holdings in Sempra Energy were worth $81,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SRE. Jacobi Capital Management LLC increased its position in shares of Sempra Energy by 10.3% during the 1st quarter. Jacobi Capital Management LLC now owns 5,641 shares of the utilities provider’s stock valued at $403,000 after purchasing an additional 526 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sempra Energy by 21.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,656,805 shares of the utilities provider’s stock valued at $260,950,000 after purchasing an additional 648,530 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sempra Energy by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,495,527 shares of the utilities provider’s stock valued at $249,435,000 after purchasing an additional 229,045 shares during the last quarter. Energy Income Partners LLC increased its position in shares of Sempra Energy by 2.5% during the 1st quarter. Energy Income Partners LLC now owns 2,182,448 shares of the utilities provider’s stock valued at $155,739,000 after purchasing an additional 52,838 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Sempra Energy by 46.0% during the 1st quarter. Panagora Asset Management Inc. now owns 37,501 shares of the utilities provider’s stock valued at $2,676,000 after purchasing an additional 11,811 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Trading Down 0.4%

Sempra Energy stock opened at $92.16 on Thursday. The firm has a 50 day moving average of $86.94 and a 200 day moving average of $80.32. The firm has a market capitalization of $60.13 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.85 and a beta of 0.66. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.77. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data 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. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm posted $0.89 EPS. The company’s revenue was down .4% on a year-over-year basis. As a group, research analysts predict that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

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

Insider Buying and Selling

In other Sempra Energy news, EVP Caroline Ann Winn sold 5,114 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the completion of the sale, the executive vice president directly owned 39,380 shares of the company’s stock, valued at $3,229,553.80. This trade represents a 11.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin C. Sagara sold 14,433 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $89.50, for a total transaction of $1,291,753.50. Following the sale, the director directly owned 1,042 shares of the company’s stock, valued at approximately $93,259. This trade represents a 93.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,411 shares of company stock valued at $4,141,790. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on SRE shares. Morgan Stanley reaffirmed an “overweight” rating and set a $99.00 price target on shares of Sempra Energy in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Evercore ISI set a $105.00 target price on shares of Sempra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Jefferies Financial Group set a $89.00 target price on shares of Sempra Energy and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, BTIG Research raised shares of Sempra Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

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.