Y Intercept Hong Kong Ltd Has $417,000 Holdings in Sempra Energy $SRE

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Sempra Energy (NYSE:SRE) by 89.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,504 shares of the utilities provider’s stock after selling 46,681 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sempra Energy were worth $417,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Sempra Energy by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 64,238,102 shares of the utilities provider’s stock worth $4,584,032,000 after acquiring an additional 1,220,047 shares during the period. Wellington Management Group LLP lifted its stake in shares of Sempra Energy by 26.8% in the 1st quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider’s stock valued at $3,474,236,000 after purchasing an additional 10,278,893 shares during the period. Newport Trust Company LLC boosted its position in shares of Sempra Energy by 0.3% in the 1st quarter. Newport Trust Company LLC now owns 13,331,160 shares of the utilities provider’s stock worth $951,312,000 after purchasing an additional 41,104 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Sempra Energy by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,520,600 shares of the utilities provider’s stock worth $536,671,000 after purchasing an additional 291,026 shares during the period. Finally, Invesco Ltd. increased its holdings in Sempra Energy by 12.4% in the first quarter. Invesco Ltd. now owns 7,489,903 shares of the utilities provider’s stock valued at $534,479,000 after purchasing an additional 823,663 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Energy Stock Up 0.9%

Sempra Energy stock opened at $93.63 on Friday. The company has a 50 day moving average of $88.43 and a 200-day moving average of $81.32. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77. The stock has a market capitalization of $61.09 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. On average, equities research analysts anticipate that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 11th will be issued a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, December 11th. Sempra Energy’s payout ratio is 62.32%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho raised their target price on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Jefferies Financial Group set a $89.00 price objective on shares of Sempra Energy and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, October 8th. BMO Capital Markets lifted their price target on shares of Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Sempra Energy in a report on Monday, October 27th. They issued an “overweight” rating and a $115.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sempra Energy presently has an average rating of “Moderate Buy” and an average target price of $95.42.

Insider Transactions at Sempra Energy

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 4,322 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $92.55, for a total value of $400,001.10. Following the sale, the senior vice president owned 11,325 shares in the company, valued at approximately $1,048,128.75. The trade was a 27.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Caroline Ann Winn sold 5,114 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $82.01, for a total value of $419,399.14. Following the transaction, the executive vice president directly owned 39,380 shares of the company’s stock, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,733 shares of company stock valued at $4,541,791 over the last three months. Company insiders own 0.27% of the company’s stock.

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.