Compass Wealth Management LLC Makes New Investment in Sempra Energy $SRE

Compass Wealth Management LLC bought a new position in Sempra Energy (NYSE:SRE) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 5,962 shares of the utilities provider’s stock, valued at approximately $536,000.

Several other hedge funds have also made changes to their positions in SRE. Meeder Asset Management Inc. purchased a new position in Sempra Energy during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. grew its holdings in shares of Sempra Energy by 51.2% during the second quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. NewSquare Capital LLC raised its position in Sempra Energy by 245.1% during the second quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock valued at $32,000 after buying an additional 299 shares during the period. ST Germain D J Co. Inc. lifted its stake in Sempra Energy by 230.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 430 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Bogart Wealth LLC boosted its position in Sempra Energy by 74.1% during the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the subject of a number of research analyst reports. Citigroup reissued a “neutral” rating and issued a $99.00 price target (up from $80.00) on shares of Sempra Energy in a research report on Monday, November 24th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 target price on shares of Sempra Energy in a research report on Wednesday, January 21st. Evercore ISI set a $105.00 target price on shares of Sempra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. Barclays reaffirmed an “overweight” rating and issued a $97.00 price target (down from $98.00) on shares of Sempra Energy in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.83.

Sempra Energy Stock Up 0.9%

Sempra Energy stock opened at $86.75 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76. Sempra Energy has a 1-year low of $61.90 and a 1-year high of $95.72. The firm’s fifty day simple moving average is $89.49 and its 200-day simple moving average is $86.97. The company has a market capitalization of $56.62 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.29 and a beta of 0.74.

Sempra Energy (NYSE:SRE) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.84 by $0.27. Sempra Energy had a net margin of 15.63% and a return on equity of 8.67%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts forecast that Sempra Energy will post 4.76 earnings per share for the current fiscal year.

Sempra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, December 11th were paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, December 11th. Sempra Energy’s dividend payout ratio (DPR) is presently 79.14%.

Insider Buying and Selling

In related news, SVP Alexander Lisa Larroque sold 4,322 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $92.55, for a total value of $400,001.10. Following the completion of the sale, the senior vice president directly owned 11,325 shares in the company, valued at approximately $1,048,128.75. The trade was a 27.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Caroline Ann Winn sold 5,500 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $91.58, for a total value of $503,690.00. Following the transaction, the executive vice president owned 34,164 shares in the company, valued at approximately $3,128,739.12. This trade represents a 13.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,396 shares of company stock valued at $1,785,606 over the last 90 days. 0.27% of the stock is currently owned by insiders.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.