Peter R. Wall Sells 723 Shares of Sempra Energy (SRE) Stock

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Sempra Energy (NYSE:SRE) CAO Peter R. Wall sold 723 shares of Sempra Energy stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $135.47, for a total value of $97,944.81. Following the sale, the chief accounting officer now directly owns 2,359 shares of the company’s stock, valued at approximately $319,573.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE SRE opened at $134.35 on Friday. Sempra Energy has a 1-year low of $100.49 and a 1-year high of $135.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.38 and a quick ratio of 0.36. The stock has a market capitalization of $36.86 billion, a PE ratio of 24.12, a P/E/G ratio of 2.85 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.23. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Sempra Energy’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts forecast that Sempra Energy will post 6.02 earnings per share for the current year.

SRE has been the subject of several research analyst reports. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Wells Fargo & Co lifted their price target on Sempra Energy from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. ValuEngine lowered Sempra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Finally, Morgan Stanley lifted their price target on Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $131.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRE. Vanguard Group Inc lifted its stake in shares of Sempra Energy by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in Sempra Energy by 3,125.6% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,774 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 2,688 shares during the last quarter. Viking Fund Management LLC raised its position in Sempra Energy by 16.7% during the 4th quarter. Viking Fund Management LLC now owns 14,000 shares of the utilities provider’s stock valued at $1,515,000 after purchasing an additional 2,000 shares during the last quarter. IFM Investors Pty Ltd raised its position in Sempra Energy by 20.5% during the 4th quarter. IFM Investors Pty Ltd now owns 15,636 shares of the utilities provider’s stock valued at $1,692,000 after purchasing an additional 2,661 shares during the last quarter. Finally, BTR Capital Management Inc. raised its position in Sempra Energy by 25.2% during the 4th quarter. BTR Capital Management Inc. now owns 2,485 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 500 shares during the last quarter. 94.62% of the stock is owned by institutional investors.

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Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.

See Also: Price-Sales Ratio

Insider Buying and Selling by Quarter for Sempra Energy (NYSE:SRE)

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