Traders Sell Sempra Energy (SRE) on Strength (SRE)
Traders sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Monday. $21.62 million flowed into the stock on the tick-up and $69.52 million flowed out of the stock on the tick-down, for a money net flow of $47.90 million out of the stock. Of all stocks tracked, Sempra Energy had the 19th highest net out-flow for the day. Sempra Energy traded up $0.30 for the day and closed at $114.43
SRE has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) upgraded Sempra Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $129.00 in a research note on Wednesday, October 11th. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co dropped their price target on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $124.22.
The firm’s 50-day moving average is $115.83 and its 200 day moving average is $114.36. The company has a market cap of $28.73 billion, a P/E ratio of 16.93 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last posted its earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. Analysts predict that Sempra Energy will post $5.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.8225 per share. This represents a $3.29 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, September 21st. Sempra Energy’s dividend payout ratio (DPR) is presently 48.74%.
Several large investors have recently bought and sold shares of the company. CAPROCK Group Inc. grew its holdings in shares of Sempra Energy by 14.5% during the third quarter. CAPROCK Group Inc. now owns 3,965 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 502 shares during the last quarter. Strs Ohio grew its holdings in shares of Sempra Energy by 4.6% during the third quarter. Strs Ohio now owns 715,433 shares of the utilities provider’s stock valued at $81,652,000 after purchasing an additional 31,170 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Sempra Energy by 45.4% during the third quarter. Whittier Trust Co. now owns 3,030 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 946 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Sempra Energy by 4.6% during the third quarter. APG Asset Management N.V. now owns 463,762 shares of the utilities provider’s stock valued at $52,929,000 after purchasing an additional 20,300 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of Sempra Energy during the third quarter valued at approximately $247,000. 80.64% of the stock is owned by institutional investors.
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About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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