ING Groep NV acquired a new stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,906 shares of the company’s stock, valued at approximately $331,000.
Several other institutional investors have also recently added to or reduced their stakes in SRE. Financial Architects Inc raised its position in Sempra Energy by 37.8% in the second quarter. Financial Architects Inc now owns 1,784 shares of the company’s stock valued at $204,000 after buying an additional 489 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Sempra Energy during the second quarter valued at approximately $228,000. Mechanics Bank Trust Department increased its stake in shares of Sempra Energy by 19.6% in the second quarter. Mechanics Bank Trust Department now owns 2,895 shares of the company’s stock valued at $330,000 after buying an additional 475 shares during the last quarter. EP Wealth Advisors Inc. bought a new stake in shares of Sempra Energy during the first quarter valued at approximately $346,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Sempra Energy during the first quarter valued at approximately $358,000. 79.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE:SRE) traded up 0.70% during midday trading on Wednesday, hitting $103.49. The company had a trading volume of 1,001,330 shares. The company’s 50 day moving average is $105.81 and its 200 day moving average is $107.07. Sempra Energy has a one year low of $86.72 and a one year high of $114.66. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 27.33 and a beta of 0.49.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.18. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.62 billion. Sempra Energy had a net margin of 9.56% and a return on equity of 9.49%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. Equities analysts forecast that Sempra Energy will post $4.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Thursday, September 29th will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, September 27th. Sempra Energy’s payout ratio is 79.68%.
SRE has been the topic of several analyst reports. Argus reiterated a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.87.
In related news, SVP Trevor I. Mihalik sold 5,659 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total transaction of $604,720.74. Following the transaction, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at $279,438.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William P. Rutledge sold 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $107.20, for a total value of $536,000.00. Following the transaction, the director now directly owns 10,838 shares in the company, valued at $1,161,833.60. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.