Wealthcare Advisory Partners LLC Makes New $210,000 Investment in Sempra Energy (NYSE:SRE)

Posted by Defense World Staff on Jun 12th, 2023

Wealthcare Advisory Partners LLC bought a new position in shares of Sempra Energy (NYSE:SRE – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,360 shares of the utilities provider’s stock, valued at approximately $210,000.

Other institutional investors also recently made changes to their positions in the company. OLD Second National Bank of Aurora boosted its position in shares of Sempra Energy by 576.9% in the 4th quarter. OLD Second National Bank of Aurora now owns 176 shares of the utilities provider’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Dark Forest Capital Management LP boosted its position in shares of Sempra Energy by 567.9% in the 4th quarter. Dark Forest Capital Management LP now owns 187 shares of the utilities provider’s stock worth $29,000 after buying an additional 159 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Sempra Energy by 76.3% in 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 in the last quarter. Armstrong Advisory Group Inc. purchased a new position in Sempra Energy in the 4th quarter valued at about $38,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Sempra Energy during the 4th quarter worth about $38,000. 84.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Martin sold 19,260 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $146.09, for a total transaction of $2,813,693.40. Following the completion of the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at $146.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Sempra Energy Stock Down 0.0 %

Shares of SRE stock traded down $0.04 during mid-day trading on Monday, reaching $147.66. 176,316 shares of the company were exchanged, compared to its average volume of 1,297,613. Sempra Energy has a fifty-two week low of $136.54 and a fifty-two week high of $176.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.51 and a current ratio of 0.54. The company has a market capitalization of $46.46 billion, a P/E ratio of 19.03, a P/E/G ratio of 3.42 and a beta of 0.73. The business’s 50 day simple moving average is $151.20 and its 200 day simple moving average is $154.18.

Sempra Energy (NYSE:SRE – Get Rating) last released its quarterly 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. Sempra Energy had a net margin of 14.47% and a return on equity of 10.28%. The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the company earned $2.91 earnings per share. The business’s quarterly revenue was up 71.7% compared to the same quarter last year. Research analysts predict that Sempra Energy will post 8.99 earnings per share for the current year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Wednesday, July 5th will be issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Monday, July 3rd. Sempra Energy’s dividend payout ratio is presently 61.34%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SRE shares. Morgan Stanley raised their price target 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. The Goldman Sachs Group began coverage on shares of Sempra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $178.00 price objective on the stock. StockNews.com began coverage on shares of Sempra Energy in a report on Thursday, May 18th. They set a “hold” rating on the stock. Bank of America cut their price objective on shares of Sempra Energy from $173.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, March 28th. Finally, 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 report on Wednesday, March 1st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.63.

Sempra Energy Company Profile

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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.