Rockland Trust Co. Cuts Stock Position in Sempra Energy (NYSE:SRE)

Rockland Trust Co. lowered its holdings in Sempra Energy (NYSE:SRE) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,356 shares of the utilities provider’s stock after selling 131 shares during the period. Sempra Energy comprises 1.6% of Rockland Trust Co.’s holdings, making the stock its 16th largest position. Rockland Trust Co.’s holdings in Sempra Energy were worth $17,386,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SRE. Crossmark Global Holdings Inc. lifted its holdings in Sempra Energy by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 19,454 shares of the utilities provider’s stock worth $2,674,000 after purchasing an additional 74 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in Sempra Energy by 1.2% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 6,417 shares of the utilities provider’s stock worth $882,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC lifted its holdings in Sempra Energy by 5.3% during the 2nd quarter. Signaturefd LLC now owns 1,822 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 92 shares in the last quarter. Shamrock Asset Management LLC lifted its holdings in Sempra Energy by 3.6% during the 2nd quarter. Shamrock Asset Management LLC now owns 2,746 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 95 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in Sempra Energy by 0.6% during the 2nd quarter. Summit Global Investments now owns 16,505 shares of the utilities provider’s stock worth $2,268,000 after purchasing an additional 95 shares in the last quarter. 92.72% of the stock is currently owned by institutional investors and hedge funds.

NYSE SRE traded down $0.69 during trading on Friday, reaching $145.72. The company’s stock had a trading volume of 18,843 shares, compared to its average volume of 1,602,171. The stock has a market capitalization of $40.06 billion, a PE ratio of 26.17, a P/E/G ratio of 3.23 and a beta of 0.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.34 and a quick ratio of 0.31. The firm has a fifty day moving average of $143.01 and a 200 day moving average of $135.85. Sempra Energy has a one year low of $104.88 and a one year high of $148.14.

Sempra Energy (NYSE:SRE) last announced its earnings results on Friday, August 2nd. The utilities provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.32 billion. Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. During the same quarter in the prior year, the company earned $1.35 earnings per share. Research analysts expect that Sempra Energy will post 5.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th will be given a dividend of $0.9675 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.87 annualized dividend and a dividend yield of 2.66%. Sempra Energy’s dividend payout ratio (DPR) is presently 69.48%.

A number of equities analysts have weighed in on SRE shares. Morgan Stanley upped their target price on Sempra Energy from $147.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Bank of America lowered Sempra Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $141.00 to $142.00 in a research note on Thursday, June 27th. Zacks Investment Research lowered Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research note on Wednesday, July 24th. ValuEngine lowered Sempra Energy from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, UBS Group upped their target price on Sempra Energy from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $149.44.

In other news, COO Joseph A. Householder sold 14,304 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $143.21, for a total transaction of $2,048,475.84. Following the transaction, the chief operating officer now directly owns 45,991 shares in the company, valued at approximately $6,586,371.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Sempra Energy Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas.

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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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