Sempra Energy $SRE Position Trimmed by Keybank National Association OH

Keybank National Association OH trimmed its holdings in shares of Sempra Energy (NYSE:SRE) by 6.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,803 shares of the utilities provider’s stock after selling 2,438 shares during the period. Keybank National Association OH’s holdings in Sempra Energy were worth $2,485,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Mendel Money Management boosted its holdings in Sempra Energy by 1.6% during the second quarter. Mendel Money Management now owns 8,476 shares of the utilities provider’s stock worth $642,000 after buying an additional 130 shares in the last quarter. Tritonpoint Wealth LLC boosted its holdings in Sempra Energy by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 5,999 shares of the utilities provider’s stock worth $458,000 after buying an additional 132 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Sempra Energy by 1.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider’s stock worth $583,000 after buying an additional 133 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Sempra Energy by 0.6% during the second quarter. Concurrent Investment Advisors LLC now owns 25,370 shares of the utilities provider’s stock worth $1,922,000 after buying an additional 139 shares in the last quarter. Finally, Pingora Partners LLC boosted its stake in Sempra Energy by 48.3% in 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 during the period. 89.65% of the stock is currently owned by institutional investors.

Sempra Energy Trading Down 0.4%

Shares of NYSE:SRE opened at $92.04 on Friday. The firm has a fifty day moving average of $87.35 and a two-hundred day moving average of $80.63. The firm has a market capitalization of $60.05 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.66. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $95.77. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.35 billion. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. On average, equities 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 dividend on an annualized basis and a dividend yield of 2.8%. Sempra Energy’s dividend payout ratio (DPR) is 62.32%.

Insiders Place Their Bets

In other Sempra Energy news, Director Kevin C. Sagara sold 14,433 shares of Sempra Energy stock in a transaction on Monday, September 29th. The shares were sold at an average price of $89.50, for a total transaction of $1,291,753.50. Following the completion of the sale, the director owned 1,042 shares of the company’s stock, valued at $93,259. This trade represents a 93.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Caroline Ann Winn sold 5,114 shares of Sempra Energy stock in a transaction 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 sale, the executive vice president directly owned 39,380 shares of the company’s stock, valued at approximately $3,229,553.80. The trade was a 11.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,411 shares of company stock valued at $4,141,790 in the last three months. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays set a $101.00 target price on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on Sempra Energy in a report on Monday, October 27th. They issued an “overweight” rating and a $115.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $99.00 target price on shares of Sempra Energy in a report on Wednesday, October 22nd. Finally, Mizuho increased their target price on Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

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.