Integrated Wealth Management cut its stake in Sempra Energy (NYSE:SRE) by 24.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,412 shares of the company’s stock after selling 1,405 shares during the period. Integrated Wealth Management’s holdings in Sempra Energy were worth $503,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SRE. Corundum Group Inc. bought a new position in shares of Sempra Energy during the second quarter valued at approximately $205,000. Bbva Compass Bancshares Inc. raised its position in shares of Sempra Energy by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,227 shares of the company’s stock valued at $368,000 after buying an additional 20 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Sempra Energy during the second quarter valued at approximately $239,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Sempra Energy by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,896 shares of the company’s stock valued at $2,154,000 after buying an additional 180 shares in the last quarter. Finally, Concert Wealth Management Inc. raised its position in shares of Sempra Energy by 5.2% in the second quarter. Concert Wealth Management Inc. now owns 18,805 shares of the company’s stock valued at $2,144,000 after buying an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) traded down 0.10% during midday trading on Wednesday, reaching $104.95. 401,939 shares of the company traded hands. The company’s 50 day moving average is $105.59 and its 200-day moving average is $107.08. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 27.71 and a beta of 0.49.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by $0.18. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Equities research analysts forecast that Sempra Energy will post $4.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th were issued a dividend of $0.755 per share. The ex-dividend date was Tuesday, September 27th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.87%. Sempra Energy’s dividend payout ratio (DPR) is presently 79.68%.
Several brokerages have recently commented on SRE. Zacks Investment Research lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Argus restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Sempra Energy has a consensus rating of “Hold” and an average price target of $110.87.
In other news, SVP Trevor I. Mihalik sold 5,659 shares of Sempra Energy stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the completion of the sale, the senior vice president now directly owns 2,615 shares in the company, valued at $279,438.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William P. Rutledge sold 5,000 shares of Sempra Energy stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $107.20, for a total transaction of $536,000.00. Following the sale, the director now owns 10,838 shares of the company’s stock, valued at $1,161,833.60. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.
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