Sempra Energy $SRE Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC lessened its stake in shares of Sempra Energy (NYSE:SRE) by 62.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,970 shares of the utilities provider’s stock after selling 4,882 shares during the period. RWA Wealth Partners LLC’s holdings in Sempra Energy were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Sempra Energy by 26.8% during the first quarter. Wellington Management Group LLP now owns 48,686,047 shares of the utilities provider’s stock worth $3,474,236,000 after purchasing an additional 10,278,893 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Sempra Energy by 145.7% during the first quarter. Aptus Capital Advisors LLC now owns 48,359 shares of the utilities provider’s stock worth $3,451,000 after purchasing an additional 28,678 shares during the period. Watts Gwilliam & Co. LLC raised its position in shares of Sempra Energy by 2.6% during the first quarter. Watts Gwilliam & Co. LLC now owns 10,807 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 270 shares during the period. Brooklyn Investment Group raised its position in shares of Sempra Energy by 29.5% during the first quarter. Brooklyn Investment Group now owns 5,071 shares of the utilities provider’s stock worth $362,000 after purchasing an additional 1,154 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Sempra Energy during the first quarter worth $291,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SRE has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Morgan Stanley reissued an “overweight” rating and set a $88.00 target price (up from $87.00) on shares of Sempra Energy in a research note on Wednesday, June 18th. BMO Capital Markets boosted their target price on shares of Sempra Energy from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Finally, Barclays cut their target price on shares of Sempra Energy from $72.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and an average price target of $81.58.

Sempra Energy Trading Down 0.3%

Sempra Energy stock opened at $82.4350 on Thursday. 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 has a 12 month low of $61.90 and a 12 month high of $95.77. The company’s fifty day simple moving average is $77.95 and its 200-day simple moving average is $75.74. The stock has a market cap of $53.79 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.32 and a beta of 0.62.

Sempra Energy (NYSE:SRE) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the firm posted $0.89 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Sempra Energy will post 4.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Caroline Ann Winn sold 5,114 shares of the firm’s 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 transaction, the executive vice president owned 39,380 shares in the company, valued at approximately $3,229,553.80. This trade represents a 11.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander Lisa Larroque sold 1,576 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total transaction of $126,080.00. Following the transaction, the senior vice president owned 15,600 shares in the company, valued at $1,248,000. This represents a 9.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.