Nippon Life Global Investors Americas Inc. Has $535,000 Stock Position in Sempra Energy $SRE

Nippon Life Global Investors Americas Inc. cut its position in Sempra Energy (NYSE:SRE) by 52.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,950 shares of the utilities provider’s stock after selling 6,490 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Sempra Energy were worth $535,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. West Wealth Group LLC boosted its holdings in shares of Sempra Energy by 1.1% in the 3rd quarter. West Wealth Group LLC now owns 10,207 shares of the utilities provider’s stock worth $942,000 after acquiring an additional 112 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Sempra Energy by 24.4% during the 2nd quarter. Manchester Capital Management LLC now owns 642 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 126 shares in the last quarter. Westside Investment Management Inc. raised its position in Sempra Energy by 51.2% in the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Mendel Money Management boosted its stake in Sempra Energy by 1.6% in the second quarter. Mendel Money Management now owns 8,476 shares of the utilities provider’s stock worth $642,000 after purchasing an additional 130 shares in the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in shares of 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 purchasing an additional 132 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Energy Price Performance

SRE opened at $92.53 on Friday. The company has a fifty day moving average price of $90.10 and a two-hundred day moving average price of $86.35. The firm has a market capitalization of $60.39 billion, a PE ratio of 28.38, a P/E/G ratio of 2.48 and a beta of 0.74. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.56 and a current ratio of 1.59.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.27. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. 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 Thursday, January 15th. Stockholders of record on Thursday, December 11th 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 Thursday, December 11th. Sempra Energy’s payout ratio is presently 79.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho upped their price target on shares of Sempra Energy from $86.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Wells Fargo & Company started coverage on shares of Sempra Energy in a research note on Monday, October 27th. They issued an “overweight” rating and a $115.00 target price for the company. UBS Group set a $96.00 price target on shares of Sempra Energy and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Morgan Stanley set a $91.00 price objective on shares of Sempra Energy in a research report on Tuesday, December 16th. Finally, BTIG Research raised Sempra Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.17.

Insider Buying and Selling

In related news, CAO Dyan Z. Wold sold 1,510 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total value of $137,983.80. Following the sale, the chief accounting officer directly owned 3,481 shares in the company, valued at $318,093.78. This trade represents a 30.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Alexander Lisa Larroque sold 4,322 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $92.55, for a total transaction of $400,001.10. Following the transaction, the senior vice president owned 11,325 shares of the company’s stock, valued at approximately $1,048,128.75. This represents a 27.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 19,396 shares of company stock valued at $1,785,606. Insiders own 0.27% of the company’s stock.

Sempra Energy Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.