Alan L. Boeckmann Buys 6,000 Shares of Sempra Energy (SRE) Stock
Sempra Energy (NYSE:SRE) Director Alan L. Boeckmann bought 6,000 shares of the business’s stock in a transaction on Tuesday, November 29th. The stock was bought at an average price of $101.52 per share, with a total value of $609,120.00. Following the transaction, the director now owns 5,102 shares in the company, valued at $517,955.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sempra Energy (NYSE:SRE) opened at 99.80 on Thursday. Sempra Energy has a one year low of $86.72 and a one year high of $114.66. The company has a 50-day moving average of $101.95 and a 200 day moving average of $106.61. The company has a market cap of $24.99 billion, a P/E ratio of 18.52 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The company earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Sempra Energy had a net margin of 13.24% and a return on equity of 9.41%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. Equities research analysts predict that Sempra Energy will post $4.81 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Sempra Energy by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,367,180 shares of the company’s stock valued at $1,752,166,000 after buying an additional 453,003 shares during the period. State Street Corp boosted its position in Sempra Energy by 0.6% in the second quarter. State Street Corp now owns 11,819,959 shares of the company’s stock valued at $1,347,713,000 after buying an additional 67,319 shares during the period. Capital Research Global Investors boosted its position in Sempra Energy by 0.4% in the third quarter. Capital Research Global Investors now owns 11,080,864 shares of the company’s stock valued at $1,187,758,000 after buying an additional 46,441 shares during the period. FMR LLC boosted its position in Sempra Energy by 3.8% in the second quarter. FMR LLC now owns 8,890,701 shares of the company’s stock valued at $1,013,717,000 after buying an additional 323,028 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Sempra Energy by 5.0% in the third quarter. BlackRock Fund Advisors now owns 7,636,694 shares of the company’s stock valued at $818,577,000 after buying an additional 365,932 shares during the period. Institutional investors own 79.96% of the company’s stock.
A number of research firms have recently weighed in on SRE. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Argus restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. Finally, Guggenheim restated a “buy” rating and set a $121.00 price target on shares of Sempra Energy in a report on Monday, November 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $114.69.
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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