Traders Buy Shares of Sempra Energy (SRE) on Weakness

Investors purchased shares of Sempra Energy (NYSE:SRE) on weakness during trading hours on Wednesday. $47.45 million flowed into the stock on the tick-up and $34.62 million flowed out of the stock on the tick-down, for a money net flow of $12.83 million into the stock. Of all equities tracked, Sempra Energy had the 30th highest net in-flow for the day. Sempra Energy traded down ($0.47) for the day and closed at $106.59

A number of research firms recently weighed in on SRE. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Sempra Energy from $123.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Bank of America began coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $125.00 price objective on the stock. Goldman Sachs Group raised shares of Sempra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $129.00 in a report on Wednesday, October 11th. Finally, Wells Fargo & Co dropped their price objective on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Buy” and an average target price of $122.33.

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. The firm has a market capitalization of $26,790.00, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.62.

Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. Sempra Energy’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.02 EPS. equities research analysts forecast that Sempra Energy will post 5.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a dividend of $0.8225 per share. The ex-dividend date was Thursday, December 28th. This represents a $3.29 annualized dividend and a yield of 3.09%. Sempra Energy’s payout ratio is 72.95%.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its stake in Sempra Energy by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 890,592 shares of the utilities provider’s stock valued at $95,223,000 after buying an additional 32,396 shares during the period. Creative Planning increased its stake in Sempra Energy by 19.1% during the 4th quarter. Creative Planning now owns 27,052 shares of the utilities provider’s stock valued at $2,892,000 after buying an additional 4,335 shares during the period. National Pension Service increased its stake in Sempra Energy by 3.4% during the 4th quarter. National Pension Service now owns 224,803 shares of the utilities provider’s stock valued at $24,036,000 after buying an additional 7,293 shares during the period. Bank of Montreal Can increased its stake in Sempra Energy by 30.7% during the 4th quarter. Bank of Montreal Can now owns 389,049 shares of the utilities provider’s stock valued at $41,598,000 after buying an additional 91,362 shares during the period. Finally, Starfire Investment Advisers Inc. acquired a new position in Sempra Energy during the 4th quarter valued at about $225,000. 80.55% of the stock is currently owned by hedge funds and other institutional investors.

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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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