Cambiar Investors LLC Has $49.99 Million Stock Position in Sempra Energy $SRE

Cambiar Investors LLC lessened its stake in Sempra Energy (NYSE:SRE) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,540 shares of the utilities provider’s stock after selling 49,885 shares during the quarter. Sempra Energy comprises approximately 2.3% of Cambiar Investors LLC’s investment portfolio, making the stock its 14th biggest holding. Cambiar Investors LLC’s holdings in Sempra Energy were worth $49,987,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Sempra Energy during the third quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its holdings in Sempra Energy by 51.2% during the 2nd quarter. Westside Investment Management Inc. now owns 375 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Sempra Energy by 245.1% during the 2nd quarter. NewSquare Capital LLC now owns 421 shares of the utilities provider’s stock worth $32,000 after buying an additional 299 shares in the last quarter. Bogart Wealth LLC boosted its position in Sempra Energy by 74.1% in the 2nd quarter. Bogart Wealth LLC now owns 444 shares of the utilities provider’s stock valued at $34,000 after buying an additional 189 shares during the last quarter. Finally, Hartford Funds Management Co LLC acquired a new stake in shares of Sempra Energy in the 2nd quarter valued at $35,000. 89.65% of the stock is owned by institutional investors.

Sempra Energy Price Performance

Shares of SRE opened at $87.25 on Wednesday. The stock has a market cap of $56.95 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.72. The stock’s 50-day moving average price is $89.41 and its two-hundred day moving average price is $87.05. 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 (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.27. Sempra Energy had a net margin of 15.63% and a return on equity of 8.67%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company posted $0.89 EPS. Sempra Energy’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, equities analysts predict that Sempra Energy will post 4.76 earnings per share for the current year.

Sempra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, December 11th were issued a $0.645 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.58 annualized dividend and a dividend yield of 3.0%. Sempra Energy’s payout ratio is 79.14%.

Insider Activity

In other Sempra Energy news, SVP Alexander Lisa Larroque sold 4,322 shares of the stock in a transaction dated 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 $1,048,128.75. This represents a 27.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dyan Z. Wold sold 1,510 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $91.38, for a total value of $137,983.80. Following the sale, the chief accounting officer directly owned 3,481 shares in the company, valued at approximately $318,093.78. This represents a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,396 shares of company stock worth $1,785,606 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price target on shares of Sempra Energy in a research note on Wednesday, January 21st. BMO Capital Markets boosted their price objective on Sempra Energy from $95.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Evercore ISI set a $105.00 price target on shares of Sempra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.83.

Sempra Energy Profile

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.