Traders Sell Sempra Energy (SRE) on Strength (SRE)
Traders sold shares of Sempra Energy (NYSE:SRE) on strength during trading on Wednesday. $14.39 million flowed into the stock on the tick-up and $36.50 million flowed out of the stock on the tick-down, for a money net flow of $22.11 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 $0.92 for the day and closed at $114.14
SRE has been the subject of several research analyst reports. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Barclays PLC lifted their price objective on Sempra Energy from $110.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, April 1st. Finally, Goldman Sachs Group Inc. lowered Sempra Energy from a “conviction-buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $108.00 in a research note on Monday, June 6th. They noted that the move was a valuation call.
The stock has a market capitalization of $28.50 billion and a PE ratio of 23.29. The stock has a 50 day moving average of $110.21 and a 200 day moving average of $101.82.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.19. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $3.05 billion. Sempra Energy’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share. On average, equities research analysts forecast that Sempra Energy will post $4.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, June 28th.
In other news, Director William D. /Ca/ Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $109.69, for a total transaction of $1,096,900.00. Following the transaction, the director now directly owns 8,945 shares of the company’s stock, valued at $981,177.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Mark A. Snell sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $103.99, for a total transaction of $5,199,500.00. Following the transaction, the president now directly owns 72,909 shares in the company, valued at $7,581,806.91. The disclosure for this sale can be found here.
Other institutional investors recently modified their holdings of the company. Creative Planning raised its position in shares of Sempra Energy by 2.7% in the fourth quarter. Creative Planning now owns 22,859 shares of the company’s stock worth $2,149,000 after buying an additional 602 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Sempra Energy by 0.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,249 shares of the company’s stock worth $2,751,000 after buying an additional 224 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Sempra Energy by 55.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 17,592 shares of the company’s stock worth $1,654,000 after buying an additional 6,289 shares during the period. Engineers Gate Manager LP bought a new position in shares of Sempra Energy during the fourth quarter worth approximately $2,219,000. Finally, ProShare Advisors LLC raised its position in shares of Sempra Energy by 1.5% in the fourth quarter. ProShare Advisors LLC now owns 37,352 shares of the company’s stock worth $3,511,000 after buying an additional 534 shares during the period.
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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