Whittier Trust Co. of Nevada Inc. Trims Stock Position in Sempra Energy (NYSE:SRE)

Whittier Trust Co. of Nevada Inc. cut its stake in shares of Sempra Energy (NYSE:SRE) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,875 shares of the utilities provider’s stock after selling 110 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sempra Energy were worth $670,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SRE. Crossmark Global Holdings Inc. raised its stake in shares of Sempra Energy by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after buying an additional 74 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of Sempra Energy by 4.1% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 2,080 shares of the utilities provider’s stock worth $262,000 after buying an additional 81 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Sempra Energy by 35.0% during the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock worth $41,000 after buying an additional 84 shares in the last quarter. Ninepoint Partners LP raised its stake in shares of Sempra Energy by 3.6% during the 1st quarter. Ninepoint Partners LP now owns 2,527 shares of the utilities provider’s stock worth $318,000 after buying an additional 88 shares in the last quarter. Finally, HCR Wealth Advisors raised its stake in shares of Sempra Energy by 2.8% during the 1st quarter. HCR Wealth Advisors now owns 3,485 shares of the utilities provider’s stock worth $431,000 after buying an additional 96 shares in the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. KeyCorp assumed coverage on Sempra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $151.00 target price for the company. Wells Fargo & Co raised their price objective on Sempra Energy from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 price objective for the company. in a research note on Wednesday, July 24th. Argus raised their price objective on Sempra Energy to $142.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Sempra Energy currently has an average rating of “Hold” and a consensus target price of $142.43.

NYSE SRE remained flat at $$135.68 during mid-day trading on Friday. The company had a trading volume of 1,372,628 shares, compared to its average volume of 1,331,021. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $141.86. The firm has a market capitalization 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 stock’s 50-day moving average is $138.82. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, July 5th were issued a dividend of $0.9675 per share. This represents a $3.87 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, July 3rd. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.

In other Sempra Energy news, insider Joseph A. Householder sold 50,400 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the sale, the insider now owns 55,115 shares in the company, valued at approximately $7,429,502. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Peter R. Wall sold 723 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 2,359 shares in the company, valued at approximately $319,573.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,515 shares of company stock worth $8,148,984. 0.13% of the stock is owned by insiders.

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

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