Intact Investment Management Inc. Has $5.57 Million Stock Holdings in Sempra Energy (NYSE:SRE)

Intact Investment Management Inc. boosted its stake in Sempra Energy (NYSE:SRE) by 30.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,100 shares of the utilities provider’s stock after purchasing an additional 18,200 shares during the quarter. Intact Investment Management Inc.’s holdings in Sempra Energy were worth $5,573,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Prudent Man Investment Management Inc. acquired a new stake in Sempra Energy in the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Sempra Energy in the 4th quarter worth about $29,000. Synergy Investment Management LLC bought a new position in Sempra Energy in the 4th quarter valued at about $29,000. TCTC Holdings LLC lifted its position in Sempra Energy by 265.2% in the 4th quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 244 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in Sempra Energy in the 4th quarter valued at about $30,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sempra Energy

In related news, EVP Justin Christopher Bird sold 4,817 shares of Sempra Energy stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $71.23, for a total value of $343,114.91. Following the completion of the transaction, the executive vice president now directly owns 19,778 shares in the company, valued at approximately $1,408,786.94. The trade was a 19.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Diana L. Day sold 8,015 shares of Sempra Energy stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $74.26, for a total transaction of $595,193.90. Following the completion of the transaction, the insider now owns 16,969 shares of the company’s stock, valued at $1,260,117.94. This represents a 32.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Sempra Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $99.00 to $76.00 in a research report on Wednesday, February 26th. Mizuho dropped their price target on shares of Sempra Energy from $92.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Sempra Energy from $88.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Barclays cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $95.00 to $72.00 in a research report on Thursday, February 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $88.00 price target (up previously from $87.00) on shares of Sempra Energy in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.

Sempra Energy Price Performance

Sempra Energy stock opened at $74.09 on Friday. Sempra Energy has a 52 week low of $61.90 and a 52 week high of $95.77. The company’s 50 day moving average price is $75.23 and its two-hundred day moving average price is $77.71. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $48.30 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.99 and a beta of 0.64.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.12. Sempra Energy had a net margin of 22.15% and a return on equity of 8.55%. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter last year, the business posted $1.34 EPS. Sempra Energy’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 26th will be paid a dividend of $0.645 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $2.58 annualized dividend and a dividend yield of 3.48%. Sempra Energy’s payout ratio is currently 56.70%.

Sempra Energy Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.