Sempra Energy (NYSE:SRE) Shares Sold by Investment House LLC

Investment House LLC decreased its stake in Sempra Energy (NYSE:SRE) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,853 shares of the utilities provider’s stock after selling 100 shares during the period. Investment House LLC’s holdings in Sempra Energy were worth $236,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Atlas Private Wealth Management boosted its holdings in shares of Sempra Energy by 46.5% in the 3rd quarter. Atlas Private Wealth Management now owns 293 shares of the utilities provider’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Sempra Energy in the 3rd quarter valued at $863,000. Global Retirement Partners LLC boosted its holdings in shares of Sempra Energy by 18.0% in the 3rd quarter. Global Retirement Partners LLC now owns 702 shares of the utilities provider’s stock valued at $83,000 after buying an additional 107 shares in the last quarter. Ossiam boosted its holdings in shares of Sempra Energy by 17.0% in the 3rd quarter. Ossiam now owns 737 shares of the utilities provider’s stock valued at $87,000 after buying an additional 107 shares in the last quarter. Finally, Platform Technology Partners boosted its holdings in shares of Sempra Energy by 3.8% in the 3rd quarter. Platform Technology Partners now owns 3,016 shares of the utilities provider’s stock valued at $357,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Shares of Sempra Energy stock opened at $121.15 on Thursday. The company has a market cap of $34.95 billion, a P/E ratio of 8.34, a PEG ratio of 2.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.77 and a current ratio of 0.80. Sempra Energy has a one year low of $88.00 and a one year high of $161.87. The firm has a fifty day moving average of $126.91 and a two-hundred day moving average of $125.40.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.21). The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Sempra Energy had a return on equity of 11.47% and a net margin of 38.49%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities analysts predict that Sempra Energy will post 7.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Friday, December 18th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.45%. Sempra Energy’s dividend payout ratio is presently 61.65%.

SRE has been the subject of several research analyst reports. KeyCorp lowered their target price on shares of Sempra Energy from $143.00 to $141.00 and set an “overweight” rating for the company in a report on Tuesday. Mizuho increased their price target on shares of Sempra Energy from $119.00 to $137.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 16th. They noted that the move was a valuation call. BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, December 23rd. Morgan Stanley decreased their price target on shares of Sempra Energy from $152.00 to $148.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 15th. Finally, Barclays decreased their price target on shares of Sempra Energy from $159.00 to $149.00 and set an “overweight” rating for the company in a research note on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Sempra Energy presently has an average rating of “Hold” and a consensus price target of $143.43.

About Sempra Energy

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population covering an area of 4,100 square miles.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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