Sempra Energy (SRE) Hits New 12-Month High at $114.66
Shares of Sempra Energy (NYSE:SRE) hit a new 52-week high during trading on Wednesday . The company traded as high as $114.66 and last traded at $114.32, with a volume of 705,071 shares trading hands. The stock had previously closed at $113.60.
A number of brokerages recently commented on SRE. Zacks Investment Research raised Sempra Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 1st. Goldman Sachs Group Inc. lowered Sempra Energy from a “conviction-buy” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $108.00 in a research report on Monday, June 6th. They noted that the move was a valuation call. Finally, Barclays PLC boosted their target price on Sempra Energy from $110.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, April 1st.
The company has a market capitalization of $28.23 billion and a PE ratio of 23.07. The company has a 50 day moving average price of $108.98 and a 200 day moving average price of $101.27.
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 Zacks’ consensus estimate of $1.66 by $0.19. The firm earned $2.62 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Sempra Energy will post $4.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.755 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.67%.
In other news, President Mark A. Snell sold 50,000 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $103.99, for a total transaction of $5,199,500.00. Following the completion of the sale, the president now directly owns 72,909 shares in the company, valued at $7,581,806.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William D. /Ca/ Jones sold 10,000 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $109.69, for a total transaction of $1,096,900.00. Following the sale, the director now owns 8,945 shares of the company’s stock, valued at $981,177.05. The disclosure for this sale can be found here.
Other hedge funds recently modified their holdings of the company. OppenheimerFunds Inc. raised its stake in shares of Sempra Energy by 5.5% in the fourth quarter. OppenheimerFunds Inc. now owns 276,769 shares of the company’s stock valued at $26,025,000 after buying an additional 14,399 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Sempra Energy by 2,705.3% in the fourth quarter. Teacher Retirement System of Texas now owns 353,239 shares of the company’s stock valued at $33,208,000 after buying an additional 340,647 shares during the period. New York State Common Retirement Fund raised its stake in shares of Sempra Energy by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 589,700 shares of the company’s stock valued at $55,438,000 after buying an additional 3,200 shares during the period. NorthCoast Asset Management LLC bought a new stake in shares of Sempra Energy during the fourth quarter valued at approximately $1,754,000. Finally, Stevens Capital Management LP raised its stake in shares of Sempra Energy by 25.4% in the fourth quarter. Stevens Capital Management LP now owns 175,427 shares of the company’s stock valued at $16,492,000 after buying an additional 35,510 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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