Capital Advisors Inc. OK Has $623,000 Position in Sempra Energy $SRE

Capital Advisors Inc. OK lifted its holdings in shares of Sempra Energy (NYSE:SRE) by 74.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,225 shares of the utilities provider’s stock after buying an additional 3,509 shares during the period. Capital Advisors Inc. OK’s holdings in Sempra Energy were worth $623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pingora Partners LLC raised its stake in shares of Sempra Energy by 48.3% during the 1st quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 140 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Sempra Energy by 230.8% during the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Sempra Energy during the first quarter worth $38,000. Eastern Bank lifted its stake in Sempra Energy by 73.7% in the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 246 shares during the last quarter. Finally, Barrett & Company Inc. bought a new position in shares of Sempra Energy in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SRE shares. Barclays upped their target price on shares of Sempra Energy from $71.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 26th. Mizuho upped their price objective on Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets lifted their target price on Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Evercore ISI set a $105.00 price target on Sempra Energy and gave the company an “outperform” rating in a research note on Monday. Finally, Citigroup reaffirmed a “neutral” rating and set a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.09.

Insiders Place Their Bets

In other news, SVP Alexander Lisa Larroque sold 1,576 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total transaction of $126,080.00. Following the transaction, the senior vice president directly owned 15,600 shares of the company’s stock, valued at approximately $1,248,000. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin C. Sagara sold 28,864 shares of Sempra Energy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the completion of the sale, the director owned 15,475 shares of the company’s stock, valued at approximately $1,303,149.75. The trade was a 65.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,987 shares of company stock worth $4,267,870 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Sempra Energy Stock Performance

SRE opened at $92.41 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The business has a fifty day simple moving average of $83.44 and a 200 day simple moving average of $77.52. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The company has a market capitalization of $60.29 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.89 and a beta of 0.66.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. Research analysts expect that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.645 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 dividend on an annualized basis and a yield of 2.8%. Sempra Energy’s payout ratio is currently 62.32%.

Sempra Energy Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.