Icon Advisers Inc. Co. Sells 5,400 Shares of Sempra Energy (NYSE:SRE)

Icon Advisers Inc. Co. decreased its position in Sempra Energy (NYSE:SRE) by 25.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the utilities provider’s stock after selling 5,400 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Sempra Energy were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Sempra Energy by 35.0% in the 1st quarter. Global Retirement Partners LLC now owns 324 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 84 shares during the last quarter. Westside Investment Management Inc. bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $41,000. Harvest Group Wealth Management LLC bought a new position in shares of Sempra Energy during the 1st quarter valued at approximately $51,000. NuWave Investment Management LLC bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $52,000. Finally, Kavar Capital Partners LLC bought a new position in shares of Sempra Energy during the 2nd quarter valued at approximately $59,000. 97.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Joseph A. Householder sold 50,400 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $134.80, for a total transaction of $6,793,920.00. Following the completion of the transaction, the insider now owns 55,115 shares in the company, valued at approximately $7,429,502. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Jeffrey W. Martin sold 9,392 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $133.85, for a total value of $1,257,119.20. Following the transaction, the chairman now owns 36,403 shares of the company’s stock, valued at approximately $4,872,541.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,515 shares of company stock valued at $8,148,984. 0.13% of the stock is owned by company insiders.

SRE traded up $0.34 during trading hours on Friday, reaching $138.88. 2,563,000 shares of the company’s stock traded hands, compared to its average volume of 1,567,722. The firm has a 50-day moving average price of $138.16 and a 200 day moving average price of $129.78. Sempra Energy has a 52-week low of $104.88 and a 52-week high of $141.86. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $37.54 billion, a PE ratio of 24.93, a PEG ratio of 2.92 and a beta of 0.45.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.09). Sempra Energy had a net margin of 18.61% and a return on equity of 10.18%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. Equities analysts predict that Sempra Energy will post 6.03 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays assumed coverage on Sempra Energy in a research report on Tuesday. They set an “equal weight” rating and a $142.00 target price on the stock. KeyCorp assumed coverage on Sempra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $151.00 target price on the stock. Zacks Investment Research downgraded Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research report on Wednesday, July 24th. Finally, Morgan Stanley cut their target price on Sempra Energy from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $142.25.

Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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