Mosley Wealth Management purchased a new position in shares of Sempra Energy (NYSE:SRE – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,079 shares of the utilities provider’s stock, valued at approximately $941,000.
A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Sempra Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 76,734,070 shares of the utilities provider’s stock worth $6,774,907,000 after purchasing an additional 1,008,476 shares during the period. Capital International Investors boosted its stake in shares of Sempra Energy by 9.2% during the 3rd quarter. Capital International Investors now owns 54,071,206 shares of the utilities provider’s stock worth $4,865,115,000 after purchasing an additional 4,572,312 shares during the period. State Street Corp boosted its position in Sempra Energy by 1.8% in the 3rd quarter. State Street Corp now owns 34,986,169 shares of the utilities provider’s stock valued at $3,148,055,000 after buying an additional 606,101 shares during the period. Geode Capital Management LLC boosted its position in Sempra Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 14,298,845 shares of the utilities provider’s stock valued at $1,256,592,000 after buying an additional 116,554 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Sempra Energy by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,163,523 shares of the utilities provider’s stock valued at $1,073,918,000 after buying an additional 1,735,516 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.
Sempra Energy Price Performance
Shares of SRE opened at $91.57 on Friday. The company has a 50 day moving average price of $93.23 and a 200-day moving average price of $91.77. Sempra Energy has a fifty-two week low of $73.06 and a fifty-two week high of $101.04. The stock has a market capitalization of $59.86 billion, a PE ratio of 31.04, a PEG ratio of 3.44 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69.
Sempra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a $0.6575 dividend. This represents a $2.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 25th. Sempra Energy’s dividend payout ratio is presently 89.15%.
Analyst Ratings Changes
Several equities research analysts have issued reports on SRE shares. Morgan Stanley set a $104.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their price objective on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. UBS Group reissued a “neutral” rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Finally, Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.67.
View Our Latest Stock Analysis on SRE
Insider Buying and Selling at Sempra Energy
In other news, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the sale, the director owned 15,423 shares of the company’s stock, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Justin Christopher Bird sold 1,128 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total transaction of $109,066.32. Following the completion of the sale, the executive vice president directly owned 21,632 shares of the company’s stock, valued at $2,091,598.08. The trade was a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,567 shares of company stock worth $792,663 over the last quarter. 0.31% of the stock is currently owned by company insiders.
Sempra Energy Company 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.
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