Investors Sell Shares of Sempra Energy (SRE) on Strength (SRE)

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Traders sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Friday. $42.76 million flowed into the stock on the tick-up and $94.15 million flowed out of the stock on the tick-down, for a money net flow of $51.39 million out of the stock. Of all companies tracked, Sempra Energy had the 0th highest net out-flow for the day. Sempra Energy traded up $0.06 for the day and closed at $118.73

Several research analysts have weighed in on SRE shares. Argus upgraded Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Monday, May 21st. JPMorgan Chase & Co. dropped their price target on Sempra Energy from $112.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, June 4th. ValuEngine upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Wells Fargo & Co downgraded Sempra Energy from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $118.00 to $123.00 in a research note on Tuesday, June 12th. Finally, Bank of America upped their price target on Sempra Energy from $111.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 12th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.22.

The company has a debt-to-equity ratio of 1.28, a current ratio of 0.58 and a quick ratio of 0.54. The company has a market capitalization of $32.21 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.73 and a beta of 0.39.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Monday, August 6th. The utilities provider reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.17. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a positive return on equity of 8.69% and a negative net margin of 5.89%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. equities analysts forecast that Sempra Energy will post 5.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be given a dividend of $0.895 per share. The ex-dividend date is Thursday, September 20th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 3.02%. Sempra Energy’s dividend payout ratio is currently 66.05%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Sempra Energy by 1.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock valued at $3,950,000 after acquiring an additional 460 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Sempra Energy by 1.2% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock valued at $4,813,000 after acquiring an additional 496 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Sempra Energy by 11.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,752 shares of the utilities provider’s stock valued at $552,000 after acquiring an additional 496 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Sempra Energy by 7.3% during the 1st quarter. Flinton Capital Management LLC now owns 7,448 shares of the utilities provider’s stock valued at $828,000 after acquiring an additional 504 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in shares of Sempra Energy by 16.8% during the 2nd quarter. BB&T Securities LLC now owns 3,616 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.

Sempra Energy Company Profile (NYSE:SRE)

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

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