Insider Selling: Sempra Energy CFO Unloads 44,663 Shares of Stock (SRE)
Sempra Energy (NYSE:SRE) CFO Joseph A. Householder sold 44,663 shares of the stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $100.15, for a total transaction of $4,472,999.45. Following the completion of the transaction, the chief financial officer now directly owns 16,553 shares in the company, valued at approximately $1,657,783. The transaction was disclosed in a filing with the SEC, which is available at this link.
Sempra Energy (NYSE:SRE) traded up 0.86% during mid-day trading on Thursday, hitting $101.11. The stock had a trading volume of 794,652 shares. Sempra Energy has a 1-year low of $77.49 and a 1-year high of $101.36. The stock has a 50-day moving average of $98.66 and a 200-day moving average of $93.74. The company has a market cap of $24.800 billion and a P/E ratio of 23.44.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Sempra Energy will post $4.48 EPS for the current fiscal year.
SRE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sempra Energy in a research note on Friday, May 23rd. They now have a $103.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Sempra Energy from $102.00 to $105.00 in a research note on Monday, May 5th. Finally, analysts at RBC Capital raised their price target on shares of Sempra Energy from $102.00 to $104.00 in a research note on Wednesday, April 2nd. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sempra Energy currently has an average rating of “Buy” and an average price target of $97.57.
Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments consisting of San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.