Key Points
- CFO Karen Sedgwick sold 7,564 Sempra shares at an average price of $92.29 for about $698,081, trimming her holding by 15.49% to 41,280 shares valued at roughly $3.81 million.
- Sempra beat quarterly estimates, reporting $1.11 EPS vs. $0.84 expected and revenue of $3.15 billion (up 13.5% year-over-year).
- Quarterly dividend of $0.645 was announced (annualized $2.58, yield ~2.7%), with an ex-dividend date of Dec 11 and payment on Jan 15; the payout ratio is about 79.14%.
Sempra Energy (NYSE:SRE - Get Free Report) CFO Karen Sedgwick sold 7,564 shares of the firm's stock in a transaction on Monday, November 24th. The shares were sold at an average price of $92.29, for a total transaction of $698,081.56. Following the sale, the chief financial officer directly owned 41,280 shares of the company's stock, valued at approximately $3,809,731.20. The trade was a 15.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Sempra Energy Stock Up 1.7%
Shares of Sempra Energy stock opened at $94.11 on Tuesday. The company has a market capitalization of $61.42 billion, a PE ratio of 22.73, a P/E/G ratio of 2.84 and a beta of 0.68. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.77. 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 business has a 50-day moving average of $90.67 and a 200-day moving average of $82.77.
Sempra Energy (NYSE:SRE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm earned $0.89 EPS. Sempra Energy's quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.
Sempra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, December 11th. Sempra Energy's dividend payout ratio is 79.14%.
Hedge Funds Weigh In On Sempra Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Sempra Energy during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its position in Sempra Energy by 51.2% during the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 127 shares during the period. Activest Wealth Management grew its stake in Sempra Energy by 74.6% during the 3rd quarter. Activest Wealth Management now owns 391 shares of the utilities provider's stock worth $35,000 after buying an additional 167 shares during the last quarter. NewSquare Capital LLC increased its position in Sempra Energy by 245.1% in the second quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider's stock worth $32,000 after buying an additional 299 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its stake in Sempra Energy by 117.4% in the third quarter. SOA Wealth Advisors LLC. now owns 424 shares of the utilities provider's stock valued at $38,000 after buying an additional 229 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SRE has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Sempra Energy from $82.00 to $98.00 and gave the stock a "neutral" rating in a research report on Thursday, November 6th. Wells Fargo & Company initiated coverage on Sempra Energy in a report on Monday, October 27th. They issued an "overweight" rating and a $115.00 price objective for the company. Citigroup restated a "neutral" rating and set a $99.00 price objective (up previously from $80.00) on shares of Sempra Energy in a research note on Monday. Evercore ISI set a $105.00 target price on Sempra Energy and gave the stock an "outperform" rating in a research report on Monday, October 6th. Finally, BTIG Research upgraded Sempra Energy to a "strong-buy" rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.92.
Check Out Our Latest Analysis on Sempra Energy
About Sempra Energy
(
Get Free Report)
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.
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