Hantz Financial Services Inc. Has $9.70 Million Position in Sempra Energy $SRE

Hantz Financial Services Inc. reduced its stake in shares of Sempra Energy (NYSE:SRE) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,965 shares of the utilities provider’s stock after selling 1,782 shares during the quarter. Hantz Financial Services Inc.’s holdings in Sempra Energy were worth $9,696,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SRE. Pingora Partners LLC increased its position 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. increased its holdings in shares of 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 buying an additional 300 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of Sempra Energy by 74.1% during the second quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock worth $34,000 after buying an additional 189 shares in the last quarter. Eastern Bank increased its holdings in shares of Sempra Energy by 73.7% during the first quarter. Eastern Bank now owns 580 shares of the utilities provider’s stock worth $41,000 after buying an additional 246 shares in the last quarter. Finally, Barrett & Company Inc. acquired a new stake in shares of Sempra Energy during the second quarter worth approximately $51,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Insider Activity

In related news, EVP Caroline Ann Winn sold 5,114 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the completion of the transaction, the executive vice president owned 39,380 shares in the company, valued at approximately $3,229,553.80. The trade was a 11.49% 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 link. Also, Director Kevin C. Sagara sold 28,864 shares of the business’s 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 transaction, the director owned 15,475 shares of the company’s stock, valued at approximately $1,303,149.75. This represents a 65.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 48,411 shares of company stock valued at $4,141,790 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $99.00 price target on shares of Sempra Energy in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, October 8th. Jefferies Financial Group set a $89.00 target price on Sempra Energy and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Citigroup restated a “neutral” rating and issued a $80.00 price objective (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Finally, Mizuho raised their price objective on shares of Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.00.

Sempra Energy Price Performance

SRE opened at $92.51 on Friday. The company has a fifty day moving average price of $87.17 and a two-hundred day moving average price of $80.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.41 and a current ratio of 0.48. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77. The firm has a market capitalization of $60.36 billion, a PE ratio of 22.35, a P/E/G ratio of 2.84 and a beta of 0.66.

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

Sempra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, October 1st. Sempra Energy’s payout ratio is presently 62.32%.

About Sempra Energy

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.