Cetera Advisors LLC lowered its stake in Sempra Energy (NYSE:SRE) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 3,988 shares of the company’s stock after selling 18 shares during the period. Cetera Advisors LLC’s holdings in Sempra Energy were worth $428,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SRE. Riggs Asset Managment Co. Inc. bought a new position in Sempra Energy during the second quarter valued at approximately $114,000. Global X Management Co. LLC raised its position in shares of Sempra Energy by 112.7% in the third quarter. Global X Management Co. LLC now owns 1,419 shares of the company’s stock worth $152,000 after buying an additional 752 shares during the last quarter. Alpha Windward LLC raised its position in shares of Sempra Energy by 0.7% in the third quarter. Alpha Windward LLC now owns 1,826 shares of the company’s stock worth $196,000 after buying an additional 13 shares during the last quarter. Corundum Group Inc. acquired a new position in shares of Sempra Energy during the second quarter worth about $205,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in shares of Sempra Energy during the second quarter worth about $205,000. 81.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sempra Energy (NYSE:SRE) traded up 1.62% during midday trading on Wednesday, hitting $104.21. The stock had a trading volume of 795,768 shares. The firm has a market cap of $26.09 billion, a PE ratio of 19.34 and a beta of 0.47. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $114.66. The firm has a 50-day moving average of $102.02 and a 200 day moving average of $103.89.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 15th. Stockholders of record on Thursday, December 29th were issued a dividend of $0.755 per share. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, December 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 currently 57.41%.
A number of brokerages have issued reports on SRE. Barclays PLC upped their target price on Sempra Energy from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 9th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $121.00 target price on shares of Sempra Energy in a research report on Monday, November 7th. 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. Sempra Energy has an average rating of “Hold” and a consensus target price of $113.62.
In other news, Chairman Debra L. Reed sold 17,300 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $102.34, for a total transaction of $1,770,482.00. Following the transaction, the chairman now owns 127,645 shares of the company’s stock, valued at approximately $13,063,189.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph A. Householder sold 6,472 shares of the stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $102.10, for a total value of $660,791.20. Following the transaction, the insider now directly owns 47,425 shares in the company, valued at approximately $4,842,092.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,025 shares of company stock worth $8,007,308. 0.16% of the stock is currently 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.
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