Sempra Energy Director Sells $517,950 in Stock (SRE)
Sempra Energy (NYSE:SRE) Director James G. Brocksmith, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $103.59, for a total transaction of $517,950.00. Following the transaction, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $381,729. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Sempra Energy (NYSE:SRE) traded up 2.68% during mid-day trading on Wednesday, hitting $104.13. 1,262,117 shares of the company’s stock traded hands. Sempra Energy has a one year low of $77.49 and a one year high of $104.19. The stock has a 50-day moving average of $99.4 and a 200-day moving average of $94.50. The company has a market cap of $25.541 billion and a P/E ratio of 23.71.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Sempra Energy will post $4.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, June 27th.
Several analysts have recently commented on the stock. Analysts at ISI Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating in a research note on Monday, June 9th. 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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).
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.