Sempra Energy (NYSE:SRE) CAO Peter R. Wall sold 723 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $135.47, for a total value of $97,944.81. Following the transaction, the chief accounting officer now directly owns 2,359 shares in the company, valued at $319,573.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE SRE opened at $134.35 on Friday. The firm has a market cap of $36.86 billion, a PE ratio of 24.12, 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 1-year low of $100.49 and a 1-year high of $135.91.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.23. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Sempra Energy had a return on equity of 10.57% and a net margin of 9.89%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. As a group, analysts forecast that Sempra Energy will post 6.02 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SRE. Vanguard Group Inc increased its stake in shares of Sempra Energy by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock worth $2,364,110,000 after purchasing an additional 997,607 shares in the last quarter. Norges Bank purchased a new stake in shares of Sempra Energy in the 4th quarter worth $653,205,000. Geode Capital Management LLC increased its stake in shares of Sempra Energy by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 3,750,132 shares of the utilities provider’s stock worth $471,154,000 after purchasing an additional 228,380 shares in the last quarter. Northern Trust Corp increased its stake in shares of Sempra Energy by 1.5% in the 1st quarter. Northern Trust Corp now owns 3,633,635 shares of the utilities provider’s stock worth $457,329,000 after purchasing an additional 51,955 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake 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 worth $29,000 after purchasing an additional 3,070,305 shares in the last quarter. 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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