Traders Sell Shares of Sempra Energy (SRE) on Strength (SRE)

Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading on Monday. $16.46 million flowed into the stock on the tick-up and $37.02 million flowed out of the stock on the tick-down, for a money net flow of $20.56 million out of the stock. Of all stocks tracked, Sempra Energy had the 23rd highest net out-flow for the day. Sempra Energy traded up $0.68 for the day and closed at $112.63

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $122.67.

The firm’s 50 day moving average price is $117.02 and its 200 day moving average price is $114.15. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 16.66 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be paid a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s dividend payout ratio is 48.74%.

Several institutional investors have recently made changes to their positions in the stock. Intl Fcstone Inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $851,000. Griffin Asset Management Inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $3,946,000. Toronto Dominion Bank increased its position in shares of Sempra Energy by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 84,810 shares of the utilities provider’s stock worth $9,561,000 after purchasing an additional 17,343 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $983,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $360,000. Institutional investors and hedge funds own 80.80% of the company’

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $122.67.

The firm’s 50 day moving average price is $117.02 and its 200 day moving average price is $114.15. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 16.66 and a beta of 0.56.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Friday, September 22nd will be paid a $0.8225 dividend. This represents a $3.29 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 21st. Sempra Energy’s dividend payout ratio is 48.74%.

Several institutional investors have recently made changes to their positions in the stock. Intl Fcstone Inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $851,000. Griffin Asset Management Inc. acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $3,946,000. Toronto Dominion Bank increased its position in shares of Sempra Energy by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 84,810 shares of the utilities provider’s stock worth $9,561,000 after purchasing an additional 17,343 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $983,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $360,000. Institutional investors and hedge funds own 80.80% of the company’s stock.

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About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.

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