Traders Sell Shares of Sempra Energy (SRE) on Strength (SRE)
Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Wednesday. $17.23 million flowed into the stock on the tick-up and $60.40 million flowed out of the stock on the tick-down, for a money net flow of $43.17 million out of the stock. Of all stocks tracked, Sempra Energy had the 15th highest net out-flow for the day. Sempra Energy traded up $0.69 for the day and closed at $114.56
SRE has been the topic of a number of recent research reports. BidaskClub upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th. Barclays PLC lowered shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a report on Thursday, June 8th. Morgan Stanley increased their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Sempra Energy has a consensus rating of “Buy” and an average price target of $122.67.
The stock has a 50 day moving average price of $117.28 and a 200-day moving average price of $114.16. The firm has a market capitalization of $28.76 billion, a PE ratio of 16.94 and a beta of 0.55.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.30. The business 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 firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. On average, analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.8225 per share. The ex-dividend date is Thursday, September 21st. This represents a $3.29 annualized dividend and a dividend yield of 2.87%. Sempra Energy’s dividend payout ratio is 48.74%.
Institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Sempra Energy by 27.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after buying an additional 202 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in shares of Sempra Energy by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Sempra Energy by 38.3% during the 2nd quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares during the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in shares of Sempra Energy by 0.7% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after buying an additional 9 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Sempra Energy by 49.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after buying an additional 436 shares during the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.
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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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