Sempra Energy $SRE Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its holdings in shares of Sempra Energy (NYSE:SRE) by 70.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,806 shares of the utilities provider’s stock after selling 13,930 shares during the quarter. KCM Investment Advisors LLC’s holdings in Sempra Energy were worth $440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. raised its stake in Sempra Energy by 51.2% in the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after buying an additional 127 shares during the last quarter. Pingora Partners LLC grew its stake in shares of Sempra Energy by 48.3% during the first quarter. Pingora Partners LLC now owns 430 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 140 shares during the last quarter. NewSquare Capital LLC increased its holdings in shares of Sempra Energy by 245.1% during the second quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 299 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Sempra Energy by 230.8% during the second quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Sempra Energy by 74.1% in the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 189 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $99.00 target price on shares of Sempra Energy in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their price objective on shares of Sempra Energy from $95.00 to $99.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Evercore ISI set a $105.00 target price on Sempra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, October 8th. Finally, BTIG Research upgraded Sempra Energy to a “strong-buy” rating in a research note 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’s stock. According to data from MarketBeat.com, Sempra Energy currently has an average rating of “Moderate Buy” and an average target price of $95.42.

Insider Buying and Selling at Sempra Energy

In other Sempra Energy news, Director Kevin C. Sagara sold 28,864 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $84.21, for a total value of $2,430,637.44. Following the sale, the director owned 15,475 shares in the company, valued at approximately $1,303,149.75. This represents a 65.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Alexander Lisa Larroque sold 4,322 shares of Sempra Energy 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 directly owned 11,325 shares of the company’s stock, valued at approximately $1,048,128.75. This trade represents a 27.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,733 shares of company stock valued at $4,541,791. 0.27% of the stock is owned by company insiders.

Sempra Energy Trading Up 0.9%

NYSE SRE opened at $93.63 on Monday. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41. The company has a market capitalization of $61.11 billion, a PE ratio of 22.62, a P/E/G ratio of 2.84 and a beta of 0.68. The company has a fifty day moving average of $88.43 and a 200 day moving average of $81.44.

Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.99 billion. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Research analysts forecast that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, December 11th will be given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, December 11th. Sempra Energy’s dividend payout ratio (DPR) is currently 79.14%.

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.