Sempra Energy Target of Unusually High Options Trading (NYSE:SRE)
Sempra Energy (NYSE:SRE) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 1,410 put options on the stock. This is an increase of approximately 787% compared to the typical daily volume of 159 put options.
A number of institutional investors have recently made changes to their positions in SRE. Private Trust Co. NA bought a new position in shares of Sempra Energy during the first quarter valued at $335,000. Everence Capital Management Inc. bought a new position in Sempra Energy in the first quarter worth approximately $1,191,000. Jacobs & Co. CA bought a new position in Sempra Energy in the 1st quarter worth $205,000. Alpha DNA Investment Management LLC purchased a new position in shares of Sempra Energy during the 4th quarter valued at about $115,000. Finally, Valley Brook Capital Group bought a new position in shares of Sempra Energy in the fourth quarter worth approximately $107,000. Institutional investors own 83.76% of the company’s stock.
A number of analysts have recently issued reports on SRE shares. Barclays dropped their price target on Sempra Energy from $159.00 to $149.00 and set an “overweight” rating for the company in a research report on Tuesday, January 5th. KeyCorp cut their price target on shares of Sempra Energy from $143.00 to $141.00 and set an “overweight” rating for the company in a research note on Tuesday, January 12th. Seaport Global Securities cut shares of Sempra Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Mizuho upped their target price on shares of Sempra Energy from $119.00 to $137.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 16th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their target price on Sempra Energy from $144.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sempra Energy presently has a consensus rating of “Hold” and a consensus target price of $144.00.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Thursday, February 25th. The utilities provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.55 by $0.35. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.95 billion. Sempra Energy had a net margin of 34.85% and a return on equity of 11.02%. During the same period in the prior year, the firm posted $1.55 earnings per share. Analysts anticipate that Sempra Energy will post 7.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be paid a dividend of $1.10 per share. This is an increase from Sempra Energy’s previous quarterly dividend of $1.05. The ex-dividend date is Wednesday, March 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.30%. Sempra Energy’s dividend payout ratio (DPR) is currently 64.90%.
Sempra Energy Company Profile
Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.