ABN Amro Investment Solutions lifted its holdings in shares of Sempra Energy (NYSE:SRE – Free Report) by 18.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 50,767 shares of the utilities provider’s stock after buying an additional 7,826 shares during the period. ABN Amro Investment Solutions’ holdings in Sempra Energy were worth $4,933,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Peak Financial Advisors LLC boosted its stake in Sempra Energy by 190.1% in the 4th quarter. Peak Financial Advisors LLC now owns 26,552 shares of the utilities provider’s stock valued at $2,344,000 after purchasing an additional 17,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Sempra Energy by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,590,698 shares of the utilities provider’s stock worth $142,702,000 after buying an additional 74,749 shares during the period. Dakota Wealth Management increased its position in Sempra Energy by 15.0% during the 4th quarter. Dakota Wealth Management now owns 110,614 shares of the utilities provider’s stock worth $9,771,000 after buying an additional 14,421 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Sempra Energy during the fourth quarter worth $3,289,000. Finally, Dockside LLC acquired a new stake in shares of Sempra Energy during the fourth quarter worth $3,938,000. Institutional investors own 89.65% of the company’s stock.
Sempra Energy Stock Up 2.7%
Shares of SRE opened at $93.01 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.69. Sempra Energy has a 52 week low of $78.71 and a 52 week high of $101.04. The stock has a market capitalization of $60.80 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.18 and a beta of 0.56. The stock has a fifty day moving average of $91.86 and a 200-day moving average of $92.38.
Sempra Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.6575 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.63 annualized dividend and a yield of 2.8%. Sempra Energy’s payout ratio is presently 89.15%.
Insider Buying and Selling at Sempra Energy
In other Sempra Energy news, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. This represents a 24.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Diana L. Day sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the completion of the transaction, the insider owned 22,870 shares in the company, valued at $2,107,013.10. This trade represents a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 13,900 shares of company stock worth $1,261,207. Insiders own 0.31% of the company’s stock.
Wall Street Analysts Forecast Growth
SRE has been the subject of a number of recent research reports. Truist Financial set a $104.00 price objective on shares of Sempra Energy and gave the company a “buy” rating in a report on Monday, May 18th. BMO Capital Markets set a $102.00 price target on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Barclays cut their target price on Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $108.00 price objective on shares of Sempra Energy in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sempra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $104.23.
Get Our Latest Analysis on SRE
Sempra Energy Company 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.
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