Regentatlantic Capital LLC Sells 121 Shares of Sempra Energy (NYSE:SRE)

Regentatlantic Capital LLC trimmed its holdings in shares of Sempra Energy (NYSE:SRE) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,285 shares of the utilities provider’s stock after selling 121 shares during the period. Regentatlantic Capital LLC’s holdings in Sempra Energy were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Northern Trust Corp grew its holdings in Sempra Energy by 1.5% during the 1st quarter. Northern Trust Corp now owns 3,633,635 shares of the utilities provider’s stock worth $457,329,000 after acquiring an additional 51,955 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sempra Energy by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after acquiring an additional 253,809 shares in the last quarter. Magellan Asset Management Ltd grew its holdings in Sempra Energy by 3.1% during the 1st quarter. Magellan Asset Management Ltd now owns 1,934,817 shares of the utilities provider’s stock worth $243,516,000 after acquiring an additional 57,861 shares in the last quarter. California Public Employees Retirement System grew its holdings in Sempra Energy by 18.1% during the 1st quarter. California Public Employees Retirement System now owns 1,504,162 shares of the utilities provider’s stock worth $189,314,000 after acquiring an additional 230,974 shares in the last quarter. Finally, Reaves W H & Co. Inc. grew its holdings in Sempra Energy by 2.6% during the 1st quarter. Reaves W H & Co. Inc. now owns 1,172,130 shares of the utilities provider’s stock worth $147,525,000 after acquiring an additional 30,258 shares in the last quarter. Institutional investors own 97.00% of the company’s stock.

SRE has been the topic of several recent research reports. Zacks Investment Research cut shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a report on Wednesday, July 24th. Argus raised their price target on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Bank of America cut shares of Sempra Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $141.00 to $142.00 in a report on Thursday, June 27th. KeyCorp initiated coverage on shares of Sempra Energy in a report on Tuesday, June 4th. They issued an “overweight” rating and a $151.00 price target on the stock. Finally, Wells Fargo & Co raised their price target on shares of Sempra Energy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Sempra Energy has a consensus rating of “Hold” and a consensus target price of $142.43.

Shares of NYSE:SRE remained flat at $$135.68 during trading on Friday. 1,372,628 shares of the stock were exchanged, compared to its average volume of 1,331,021. Sempra Energy has a twelve month low of $104.88 and a twelve month high of $141.86. The firm has a market cap of $37.23 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.92 and a beta of 0.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.38. The firm’s 50 day moving average is $138.82.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. As a group, research analysts predict that Sempra Energy will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, July 5th were issued a $0.9675 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Wednesday, July 3rd. Sempra Energy’s dividend payout ratio is currently 69.48%.

In related news, CAO Peter R. Wall sold 723 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $135.47, for a total value of $97,944.81. Following the completion of the transaction, the chief accounting officer now directly owns 2,359 shares of the company’s stock, valued at approximately $319,573.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph A. Householder sold 50,400 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the completion of the transaction, the insider now directly owns 55,115 shares of the company’s stock, valued at $7,429,502. The disclosure for this sale can be found here. Insiders sold a total of 60,515 shares of company stock worth $8,148,984 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Sempra Energy Profile

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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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