PDS Planning Inc Purchases 298 Shares of Sempra Energy $SRE

PDS Planning Inc grew its position in shares of Sempra Energy (NYSE:SRE) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,899 shares of the utilities provider’s stock after buying an additional 298 shares during the quarter. PDS Planning Inc’s holdings in Sempra Energy were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SRE. Tritonpoint Wealth LLC increased its position in Sempra Energy by 2.2% in the 2nd quarter. Tritonpoint Wealth LLC now owns 5,999 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 132 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Sempra Energy by 1.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,169 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 133 shares in the last quarter. Pingora Partners LLC increased its position in Sempra Energy by 48.3% in the 1st quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 140 shares in the last quarter. Baader Bank Aktiengesellschaft increased its position in Sempra Energy by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 2,988 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 141 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its position in Sempra Energy by 1.3% in the 1st quarter. Applied Finance Capital Management LLC now owns 11,334 shares of the utilities provider’s stock valued at $809,000 after acquiring an additional 143 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Energy Stock Down 1.6%

Sempra Energy stock opened at $90.15 on Monday. The company’s 50 day simple moving average is $84.32 and its 200 day simple moving average is $78.14. Sempra Energy has a fifty-two week low of $61.90 and a fifty-two week high of $95.77. The firm has a market capitalization of $58.82 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.78 and a beta of 0.66. 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 released its quarterly earnings data 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 net margin of 20.28% and a return on equity of 8.42%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm earned $0.89 EPS. Sempra Energy’s quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.645 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.58 annualized dividend and a yield of 2.9%. Sempra Energy’s dividend payout ratio (DPR) is presently 62.32%.

Insider Buying and Selling

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 1,576 shares of Sempra Energy stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $80.00, for a total value of $126,080.00. Following the transaction, the senior vice president owned 15,600 shares of the company’s stock, valued at approximately $1,248,000. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin C. Sagara sold 28,864 shares of Sempra Energy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $84.21, for a total transaction of $2,430,637.44. Following the completion of the transaction, the director directly owned 15,475 shares in the company, valued at approximately $1,303,149.75. The trade was a 65.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,987 shares of company stock valued at $4,267,870 in the last 90 days. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SRE shares. Mizuho raised their price objective on shares of Sempra Energy from $86.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Evercore ISI set a $105.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. BMO Capital Markets lifted their price target on shares of Sempra Energy from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Finally, Citigroup reiterated a “neutral” rating and set a $80.00 price target (up previously from $70.00) on shares of Sempra Energy in a research report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.09.

Sempra Energy Company 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.