Joseph A. Householder Sells 50,400 Shares of Sempra Energy (SRE) Stock

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Sempra Energy (NYSE:SRE) insider Joseph A. Householder sold 50,400 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $134.80, for a total value of $6,793,920.00. Following the sale, the insider now owns 55,115 shares of the company’s stock, valued at approximately $7,429,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SRE stock traded down $0.68 during trading hours on Friday, reaching $135.20. 25,638 shares of the company’s stock were exchanged, compared to its average volume of 1,660,700. The company has a market cap of $36.08 billion, a PE ratio of 24.24, a PEG ratio of 2.85 and a beta of 0.52. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $135.91.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.23. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $3.12 billion. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities analysts forecast that Sempra Energy will post 6.02 earnings per share for the current year.

A number of brokerages have recently issued reports on SRE. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research report on Tuesday, February 26th. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Argus upped their price target on Sempra Energy to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley upped their price target on Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $131.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRE. Karp Capital Management Corp acquired a new position in shares of Sempra Energy in the 4th quarter valued at $25,000. Global Retirement Partners LLC increased its position in shares of Sempra Energy by 361.5% in the 4th quarter. Global Retirement Partners LLC now owns 240 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 188 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Sempra Energy by 10,582.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 3,070,305 shares during the period. 1 North Wealth Services LLC acquired a new position in shares of Sempra Energy in the 4th quarter valued at $30,000. Finally, Johnson Financial Group Inc. increased its position in shares of Sempra Energy by 1,285.0% in the 4th quarter. Johnson Financial Group Inc. now owns 277 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 257 shares during the period. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

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About Sempra Energy

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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