Investors Buy High Volume of Sempra Energy Call Options (SRE)

Sempra Energy (NYSE:SRE) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 4,140 call options on the company. This is an increase of 1,227% compared to the typical volume of 312 call options.

A number of analysts have recently issued reports on SRE shares. Wells Fargo & Co increased their price objective on shares of Sempra Energy from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. ValuEngine cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Argus increased their price objective on shares of Sempra Energy to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $130.14.

In other news, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $120.86, for a total value of $289,217.98. Following the completion of the sale, the vice president now directly owns 12,461 shares of the company’s stock, valued at $1,506,036.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Schenk sold 5,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $644,600.00. Following the completion of the sale, the director now directly owns 16,306 shares of the company’s stock, valued at $2,102,169.52. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SRE. Karp Capital Management Corp purchased a new position in Sempra Energy during the fourth quarter valued at $25,000. Global Retirement Partners LLC grew its stake in Sempra Energy by 361.5% during the fourth quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 188 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Sempra Energy by 10,582.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in Sempra Energy during the fourth quarter valued at $30,000. Finally, Johnson Financial Group Inc. grew its stake in Sempra Energy by 1,285.0% during the fourth quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 257 shares in the last quarter. 97.19% of the stock is owned by institutional investors.

SRE opened at $131.50 on Wednesday. The firm has a market cap of $35.79 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.83 and a beta of 0.52. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $133.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.38 and a quick ratio of 0.36.

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

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About Sempra Energy

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.

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