Sempra Energy $SRE Stock Holdings Lessened by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its holdings in Sempra Energy (NYSE:SRE) by 20.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,522 shares of the utilities provider’s stock after selling 920 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Sempra Energy were worth $267,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Oak Grove Capital LLC lifted its position in shares of Sempra Energy by 54.4% in the 2nd quarter. Oak Grove Capital LLC now owns 59,600 shares of the utilities provider’s stock worth $4,516,000 after buying an additional 21,000 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Sempra Energy by 9.3% in the 2nd quarter. Bessemer Group Inc. now owns 9,160 shares of the utilities provider’s stock worth $695,000 after buying an additional 782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Sempra Energy in the 2nd quarter worth about $424,000. Envestnet Asset Management Inc. lifted its position in shares of Sempra Energy by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,515,505 shares of the utilities provider’s stock worth $114,829,000 after buying an additional 21,439 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Sempra Energy by 0.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 131,022 shares of the utilities provider’s stock worth $10,012,000 after buying an additional 765 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kevin C. Sagara sold 28,864 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 15,475 shares in the company, valued at approximately $1,303,149.75. This trade represents a 65.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Caroline Ann Winn sold 5,114 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $82.01, for a total transaction of $419,399.14. Following the transaction, the executive vice president owned 39,380 shares of the company’s stock, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 48,411 shares of company stock worth $4,141,790. 0.27% of the stock is owned by corporate insiders.

Sempra Energy Stock Up 0.3%

Sempra Energy stock opened at $92.51 on Friday. The stock has a market cap of $60.36 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.84 and a beta of 0.66. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $87.17 and its two-hundred day moving average price is $80.40. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77.

Sempra Energy (NYSE:SRE) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.89 EPS for the quarter, beating 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 net margin of 20.28% and a return on equity of 8.42%. Sempra Energy’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. On average, analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

SRE has been the topic of a number of recent research reports. BTIG Research upgraded shares of Sempra Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Mizuho lifted 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. Morgan Stanley reiterated an “overweight” rating and issued a $99.00 price objective on shares of Sempra Energy in a research report on Wednesday, October 22nd. Finally, Barclays set a $101.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.

Sempra Energy 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.