Riggs Asset Managment Co. Inc. purchased a new stake in Sempra Energy (NYSE:SRE) during the second quarter, Holdings Channel reports. The fund purchased 1,000 shares of the company’s stock, valued at approximately $114,000.
Other large investors have also recently modified their holdings of the company. Financial Architects Inc boosted its stake in shares of 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 during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Sempra Energy during the second quarter valued at $228,000. Mechanics Bank Trust Department boosted 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. ING Groep NV purchased a new stake in shares of Sempra Energy during the second quarter valued at $331,000. Finally, EP Wealth Advisors Inc. purchased a new stake in shares of Sempra Energy during the first quarter valued at $346,000. 79.54% of the stock is currently owned by institutional investors.
Shares of Sempra Energy (NYSE:SRE) traded down 0.56% on Friday, hitting $104.01. The stock had a trading volume of 975,025 shares. The company’s 50 day moving average price is $105.65 and its 200-day moving average price is $107.03. The company has a market cap of $26.01 billion, a P/E ratio of 27.47 and a beta of 0.49. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by $0.18. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, analysts expect that Sempra Energy will post $4.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th will be issued a $0.755 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.90%. Sempra Energy’s dividend payout ratio is presently 79.68%.
SRE has been the topic of several analyst reports. Argus reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, September 20th. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Sempra Energy has a consensus rating of “Hold” and a consensus price target of $110.87.
In other news, Director William P. Rutledge sold 5,000 shares of Sempra Energy stock in a transaction on Monday, August 8th. The stock was 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 approximately $1,161,833.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Trevor I. Mihalik sold 5,659 shares of Sempra Energy stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total value of $604,720.74. Following the completion of the transaction, the senior vice president now owns 2,615 shares in the company, valued at $279,438.90. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.
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.