Sempra Energy VP Unloads $564,082 in Stock (SRE)
Sempra Energy (NYSE:SRE) VP G Joyce Rowland unloaded 5,580 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $101.09, for a total transaction of $564,082.20. Following the completion of the sale, the vice president now directly owns 117 shares of the company’s stock, valued at approximately $11,828. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Sempra Energy (NYSE:SRE) traded up 0.30% during mid-day trading on Monday, hitting $101.01. 933,553 shares of the company’s stock traded hands. Sempra Energy has a 52-week low of $77.49 and a 52-week high of $101.97. The stock’s 50-day moving average is $98.83 and its 200-day moving average is $93.92. The company has a market cap of $24.775 billion and a price-to-earnings ratio of 23.55.
Sempra Energy (NYSE:SRE) last released its earnings data on Friday, May 2nd. The company reported $0.99 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.99 earnings per share. Sempra Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Sempra Energy will post $4.48 EPS for the current fiscal year.
A number of analysts have recently weighed in on SRE shares. Analysts at ISI Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $115.00 price target on the stock, up previously from $95.00. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $99.57.
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).
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