Short Interest in Sempra Energy (SRE) Rises By 64.9%
Sempra Energy (NYSE:SRE) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,977,808 shares, a growth of 64.9% from the September 15th total of 4,232,801 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 1,654,770 shares, the short-interest ratio is currently 4.2 days.
A number of research analysts have issued reports on SRE shares. Argus reissued a “buy” rating on shares of Sempra Energy in a research note on Tuesday, September 20th. Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $110.87.
In other Sempra Energy news, SVP Trevor I. Mihalik sold 5,659 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $106.86, for a total transaction of $604,720.74. Following the completion of the transaction, the senior vice president now directly owns 2,615 shares of the company’s stock, valued at approximately $279,438.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William P. Rutledge sold 5,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $107.20, for a total transaction of $536,000.00. Following the transaction, the director now directly owns 10,838 shares of the company’s stock, valued at $1,161,833.60. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.
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Several institutional investors have recently made changes to their positions in SRE. Vanguard Group Inc. boosted its position in shares of Sempra Energy by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,367,180 shares of the company’s stock worth $1,752,166,000 after buying an additional 453,003 shares in the last quarter. State Street Corp boosted its position in shares of Sempra Energy by 0.6% in the second quarter. State Street Corp now owns 11,819,959 shares of the company’s stock worth $1,347,713,000 after buying an additional 67,319 shares in the last quarter. FMR LLC boosted its position in shares of Sempra Energy by 3.8% in the second quarter. FMR LLC now owns 8,890,701 shares of the company’s stock worth $1,013,717,000 after buying an additional 323,028 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sempra Energy by 84.1% in the second quarter. JPMorgan Chase & Co. now owns 7,275,776 shares of the company’s stock worth $829,585,000 after buying an additional 3,324,658 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Sempra Energy by 6.5% in the second quarter. BlackRock Fund Advisors now owns 7,270,762 shares of the company’s stock worth $829,012,000 after buying an additional 442,955 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) opened at 104.46 on Tuesday. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 27.58 and a beta of 0.49. Sempra Energy has a 52 week low of $86.72 and a 52 week high of $114.66. The stock has a 50 day moving average of $105.58 and a 200-day moving average of $107.09.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.18. Sempra Energy had a net margin of 9.56% and a return on equity of 9.49%. The business earned $2.16 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Analysts expect that Sempra Energy will post $4.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Thursday, September 29th were paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, September 27th. Sempra Energy’s dividend payout ratio is 79.68%.
About Sempra Energy
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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