Insider Selling: Sempra Energy (SRE) CAO Sells 723 Shares of Stock

Share on StockTwits

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 research firms have recently weighed in on SRE. Zacks Investment Research cut Sempra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 4th. ValuEngine raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Wells Fargo & Co increased their price target on Sempra Energy from $130.00 to $137.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a report on Tuesday, February 26th. Finally, Morgan Stanley increased their price target on Sempra Energy from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Sempra Energy presently has a consensus rating of “Buy” and a consensus price target of $131.57.

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.

WARNING: “Insider Selling: Sempra Energy (SRE) CAO Sells 723 Shares of Stock” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/4353248/insider-selling-sempra-energy-sre-cao-sells-723-shares-of-stock.html.

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.

Featured Article: What is Cost of Goods Sold (COGS)?

Insider Buying and Selling by Quarter for Sempra Energy (NYSE:SRE)

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report