Sempra Energy (SRE) Shares Sold by Huntington National Bank
Huntington National Bank cut its stake in Sempra Energy (NYSE:SRE) by 18.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,965 shares of the company’s stock after selling 49,470 shares during the period. Huntington National Bank owned about 0.09% of Sempra Energy worth $24,282,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Architects Inc boosted its position in Sempra Energy by 37.8% in the second quarter. Financial Architects Inc now owns 1,784 shares of the company’s stock valued at $204,000 after buying an additional 489 shares during the period. Fox Run Management L.L.C. bought a new position in Sempra Energy during the second quarter valued at $228,000. Nikko Asset Management Americas Inc. bought a new position in Sempra Energy during the first quarter valued at $248,000. Mechanics Bank Trust Department boosted its position in Sempra Energy by 19.6% in the second quarter. Mechanics Bank Trust Department now owns 2,895 shares of the company’s stock valued at $330,000 after buying an additional 475 shares during the period. Finally, ING Groep NV bought a new position in Sempra Energy during the second quarter valued at $331,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.
Sempra Energy (NYSE:SRE) traded down 1.48% during mid-day trading on Tuesday, reaching $102.77. 1,106,171 shares of the company’s stock were exchanged. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66. The firm has a market cap of $25.70 billion, a price-to-earnings ratio of 27.14 and a beta of 0.49. The stock has a 50-day moving average of $105.95 and a 200-day moving average of $107.11.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.18. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. Analysts anticipate that Sempra Energy will post $4.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 29th will be given a dividend of $0.755 per share. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $3.02 annualized dividend and a dividend yield of 2.94%. Sempra Energy’s dividend payout ratio is 79.68%.
SRE has been the subject of several research analyst reports. Argus restated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $110.87.
In related news, SVP Trevor I. Mihalik sold 5,659 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the sale, the senior vice president now owns 2,615 shares in the company, valued at approximately $279,438.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Rutledge sold 5,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $107.20, for a total transaction of $536,000.00. Following the sale, the director now owns 10,838 shares in the company, valued at approximately $1,161,833.60. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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