Commonwealth Equity Services LLC Acquires 802 Shares of Sempra Energy (NYSE:SRE)

Posted by Defense World Staff on May 8th, 2023

Commonwealth Equity Services LLC lifted its holdings in shares of Sempra Energy (NYSE:SRE – Get Rating) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,771 shares of the utilities provider’s stock after purchasing an additional 802 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sempra Energy were worth $8,927,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SRE. Geneos Wealth Management Inc. raised its holdings in Sempra Energy by 76.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 231 shares of the utilities provider’s stock worth $36,000 after buying an additional 100 shares during the period. Armstrong Advisory Group Inc. acquired a new position in Sempra Energy in the 4th quarter worth $38,000. EWG Elevate Inc. acquired a new position in Sempra Energy in the 4th quarter worth $40,000. Atlas Capital Advisors LLC increased its holdings in Sempra Energy by 842.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 264 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 236 shares in the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new stake in shares of Sempra Energy in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 84.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SRE. Bank of America decreased their price objective on Sempra Energy from $173.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, March 28th. BMO Capital Markets cut their price objective on shares of Sempra Energy from $169.00 to $166.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 1st. StockNews.com assumed coverage on shares of Sempra Energy in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley increased their price objective on shares of Sempra Energy from $150.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 20th. Finally, Wells Fargo & Company reduced their price target on Sempra Energy from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Wednesday, March 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Sempra Energy has an average rating of “Moderate Buy” and an average target price of $167.25.

Insider Activity at Sempra Energy

In other Sempra Energy news, CEO Jeffrey W. Martin sold 19,260 shares of Sempra Energy stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $146.09, for a total value of $2,813,693.40. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at approximately $146.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Trevor I. Mihalik sold 2,306 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $148.50, for a total transaction of $342,441.00. Following the completion of the transaction, the chief financial officer now directly owns 21,362 shares in the company, valued at $3,172,257. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 19,260 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $146.09, for a total value of $2,813,693.40. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at approximately $146.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,979 shares of company stock worth $4,728,393. Corporate insiders own 0.24% of the company’s stock.

Sempra Energy Stock Up 0.9 %

Sempra Energy stock opened at $154.92 on Monday. Sempra Energy has a twelve month low of $136.54 and a twelve month high of $176.47. The stock has a market cap of $48.75 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.81 and a beta of 0.73. The company’s 50-day moving average price is $151.01 and its two-hundred day moving average price is $155.01. The company has a quick ratio of 0.56, a current ratio of 0.54 and a debt-to-equity ratio of 0.83.

Sempra Energy (NYSE:SRE – Get Rating) last announced its earnings results on Thursday, May 4th. The utilities provider reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.16. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $4.04 billion. Sempra Energy had a return on equity of 10.20% and a net margin of 14.47%. The firm’s quarterly revenue was up 71.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.91 earnings per share. As a group, analysts expect that Sempra Energy will post 8.96 EPS for the current year.

Sempra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Stockholders of record on Wednesday, March 22nd were given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Tuesday, March 21st. This is a boost from Sempra Energy’s previous quarterly dividend of $1.15. Sempra Energy’s payout ratio is presently 61.34%.

Sempra Energy Profile

(Get Rating)

Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE – Get Rating).

Institutional Ownership 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.