Hutchinson Capital Management CA Has $548,000 Position in Sempra Energy (SRE)
Hutchinson Capital Management CA held its stake in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,802 shares of the company’s stock at the end of the second quarter. Hutchinson Capital Management CA’s holdings in Sempra Energy were worth $548,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. acquired a new stake in Sempra Energy during the second quarter worth $114,000. Financial Architects Inc raised its stake in Sempra Energy by 37.8% in the second quarter. Financial Architects Inc now owns 1,784 shares of the company’s stock worth $204,000 after buying an additional 489 shares during the last quarter. Corundum Group Inc. acquired a new stake in Sempra Energy during the second quarter worth $205,000. Fox Run Management L.L.C. acquired a new stake in Sempra Energy during the second quarter worth $228,000. Finally, Chicago Equity Partners LLC acquired a new stake in Sempra Energy during the second quarter worth $239,000. Institutional investors and hedge funds own 79.54% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) traded down 0.128% during trading on Wednesday, hitting $104.925. The stock had a trading volume of 383,560 shares. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of 27.707 and a beta of 0.49. Sempra Energy has a 12 month low of $86.72 and a 12 month high of $114.66. The company’s 50 day moving average price is $105.59 and its 200 day moving average price is $107.08.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by $0.18. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.62 billion. Sempra Energy had a return on equity of 9.49% and a net margin of 9.56%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Equities research analysts expect that Sempra Energy will post $4.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Shareholders of record on Thursday, September 29th were paid a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Tuesday, September 27th. Sempra Energy’s dividend payout ratio (DPR) is currently 79.68%.
A number of analysts have weighed in on SRE shares. Argus reiterated a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. Zacks Investment Research upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $110.87.
In other Sempra Energy news, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $106.86, for a total transaction of $604,720.74. Following the transaction, the senior vice president now owns 2,615 shares of the company’s stock, valued at $279,438.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Rutledge sold 5,000 shares of the business’s 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 disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
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.
Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).
Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.