Savior LLC Takes Position in Sempra Energy (NYSE:SRE)

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Savior LLC bought a new position in shares of Sempra Energy (NYSE:SRE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 197 shares of the utilities provider’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also modified their holdings of SRE. Bank of Hawaii lifted its position in Sempra Energy by 2.4% in the third quarter. Bank of Hawaii now owns 3,388 shares of the utilities provider’s stock valued at $500,000 after acquiring an additional 80 shares during the last quarter. Conning Inc. increased its position in shares of Sempra Energy by 2.0% during the third quarter. Conning Inc. now owns 4,595 shares of the utilities provider’s stock worth $678,000 after purchasing an additional 90 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Sempra Energy by 0.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 12,990 shares of the utilities provider’s stock valued at $1,917,000 after purchasing an additional 93 shares during the last quarter. FormulaFolio Investments LLC lifted its holdings in shares of Sempra Energy by 4.9% in the 3rd quarter. FormulaFolio Investments LLC now owns 2,030 shares of the utilities provider’s stock valued at $300,000 after purchasing an additional 94 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC lifted its holdings in shares of Sempra Energy by 0.9% in the 3rd quarter. Osborn Williams & Donohoe LLC now owns 10,782 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 100 shares during the last quarter. 88.60% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Andres Conesa purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of $147.26 per share, for a total transaction of $294,520.00. Following the completion of the purchase, the director now directly owns 4,749 shares of the company’s stock, valued at $699,337.74. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 8,251 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $155.66, for a total value of $1,284,350.66. Following the sale, the chief executive officer now owns 31,779 shares of the company’s stock, valued at approximately $4,946,719.14. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Shares of NYSE:SRE opened at $160.06 on Friday. Sempra Energy has a one year low of $112.02 and a one year high of $160.18. The stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.83 and a beta of 0.41. The company has a 50-day simple moving average of $150.86 and a 200-day simple moving average of $144.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.36 and a current ratio of 0.39.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $1.23 earnings per share. As a group, research analysts forecast that Sempra Energy will post 6.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a dividend of $0.9675 per share. This represents a $3.87 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, December 27th. Sempra Energy’s dividend payout ratio is presently 69.48%.

A number of research analysts recently issued reports on the company. Argus raised their price target on Sempra Energy from $156.00 to $163.00 and gave the stock a “buy” rating in a research note on Thursday, December 26th. KeyCorp lifted their price target on Sempra Energy from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 price objective for the company in a research note on Tuesday, October 15th. Wells Fargo & Co increased their price objective on Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Morgan Stanley raised their target price on shares of Sempra Energy from $159.00 to $164.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $157.20.

Sempra Energy Profile

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 generates, transmits, and distributes electricity; and supplies natural gas.

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

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