Sempra Energy $SRE Shares Bought by Impact Capital Partners LLC

Impact Capital Partners LLC raised its holdings in Sempra Energy (NYSE:SRE) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,073 shares of the utilities provider’s stock after purchasing an additional 229 shares during the period. Impact Capital Partners LLC’s holdings in Sempra Energy were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Tritonpoint Wealth LLC boosted its stake in Sempra Energy by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 5,999 shares of the utilities provider’s stock valued at $458,000 after buying an additional 132 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Sempra Energy by 1.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider’s stock valued at $583,000 after buying an additional 133 shares in the last quarter. Pingora Partners LLC boosted its stake in Sempra Energy by 48.3% during the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock valued at $31,000 after buying an additional 140 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in Sempra Energy by 5.0% during the first quarter. Baader Bank Aktiengesellschaft now owns 2,988 shares of the utilities provider’s stock valued at $211,000 after buying an additional 141 shares in the last quarter. Finally, Applied Finance Capital Management LLC boosted its stake in Sempra Energy by 1.3% during the first quarter. Applied Finance Capital Management LLC now owns 11,334 shares of the utilities provider’s stock valued at $809,000 after buying an additional 143 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sempra Energy

In other news, SVP Alexander Lisa Larroque sold 1,576 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $80.00, for a total transaction of $126,080.00. Following the completion of the sale, the senior vice president directly owned 15,600 shares of the company’s stock, valued at $1,248,000. This trade represents a 9.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin C. Sagara sold 14,433 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $89.50, for a total value of $1,291,753.50. Following the sale, the director directly owned 1,042 shares of the company’s stock, valued at $93,259. This trade represents a 93.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,987 shares of company stock valued at $4,267,870 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Stock Down 0.8%

Shares of Sempra Energy stock opened at $89.22 on Thursday. The stock has a 50-day moving average price of $82.82 and a 200 day moving average price of $76.99. The company has a market cap of $58.21 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.85 and a beta of 0.66. 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 has a 1 year low of $61.90 and a 1 year high of $95.77.

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, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 target price (up previously from $86.00) on shares of Sempra Energy in a research note on Wednesday, September 24th. Mizuho upped their target price on Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Citigroup reaffirmed a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. BMO Capital Markets upped their target price on Sempra Energy from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, Barclays upped their target price on Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.55.

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.