Sempra Energy $SRE Shares Acquired by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC increased its position in shares of Sempra Energy (NYSE:SRE) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,600 shares of the utilities provider’s stock after acquiring an additional 8,755 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Sempra Energy were worth $17,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. raised its stake in Sempra Energy by 51.2% during the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the period. Pingora Partners LLC increased its holdings 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 buying an additional 140 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Sempra Energy by 245.1% during the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after buying an additional 299 shares during the period. ST Germain D J Co. Inc. raised its position in shares of Sempra Energy by 230.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after buying an additional 300 shares during the period. Finally, Bogart Wealth LLC lifted its holdings in Sempra Energy by 74.1% in the second quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company began coverage on Sempra Energy in a research note on Monday, October 27th. They set an “overweight” rating and a $115.00 target price for the company. Mizuho increased their price target on Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, September 24th. Barclays cut their price objective on Sempra Energy from $101.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group set a $89.00 target price on shares of Sempra Energy and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $99.00 target price on shares of Sempra Energy in a research note on Wednesday, October 22nd. Two equities research 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Insiders Place Their Bets

In related news, EVP Caroline Ann Winn sold 5,114 shares of the firm’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 value of $419,399.14. Following the sale, the executive vice president owned 39,380 shares of the company’s stock, valued at $3,229,553.80. This trade represents a 11.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin C. Sagara sold 28,864 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was 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 $1,303,149.75. This trade represents a 65.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 48,411 shares of company stock valued at $4,141,790. 0.27% of the stock is currently owned by company insiders.

Sempra Energy Stock Performance

Shares of Sempra Energy stock opened at $92.66 on Friday. The business has a 50-day moving average of $88.21 and a 200 day moving average of $81.16. Sempra Energy has a 12 month low of $61.90 and a 12 month high of $95.77. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.68. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.645 dividend. 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 dividend payout ratio (DPR) is presently 62.32%.

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.