Sempra Energy $SRE Shares Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB lifted its stake in shares of Sempra Energy (NYSE:SRE) by 91.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 493,066 shares of the utilities provider’s stock after purchasing an additional 236,120 shares during the period. AMF Tjanstepension AB owned about 0.08% of Sempra Energy worth $37,413,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pingora Partners LLC lifted its holdings in Sempra Energy by 48.3% during the 1st quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after buying an additional 140 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Sempra Energy by 230.8% during the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Sempra Energy in the first quarter worth $38,000. Eastern Bank increased its stake in Sempra Energy by 73.7% during the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 246 shares during the last quarter. Finally, Barrett & Company Inc. bought a new stake in Sempra Energy during the second quarter valued at $51,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Stock Up 2.5%

SRE opened at $91.48 on Friday. The stock’s 50 day moving average price is $83.20 and its 200 day moving average price is $77.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The stock has a market cap of $59.68 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.83 and a beta of 0.66. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results 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. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. 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 will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 1st. Sempra Energy’s dividend payout ratio (DPR) is currently 62.32%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Saturday, September 27th. BMO Capital Markets increased their price target on Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Morgan Stanley restated an “overweight” rating and set a $93.00 price objective (up previously from $86.00) on shares of Sempra Energy in a research report on Wednesday, September 24th. Finally, Mizuho increased their target price on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.55.

Sempra Energy 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.