Venturi Wealth Management LLC Cuts Position in Sempra Energy (NYSE:SRE)

Venturi Wealth Management LLC lessened its stake in Sempra Energy (NYSE:SRE) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,094 shares of the utilities provider’s stock after selling 172 shares during the quarter. Venturi Wealth Management LLC’s holdings in Sempra Energy were worth $5,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. River & Mercantile Asset Management LLP acquired a new stake in shares of Sempra Energy during the 2nd quarter worth about $27,000. Savior LLC acquired a new stake in shares of Sempra Energy during the 4th quarter worth about $30,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Sempra Energy during the 3rd quarter worth about $31,000. Nvwm LLC acquired a new stake in shares of Sempra Energy during the 3rd quarter worth about $59,000. Finally, Allred Capital Management LLC acquired a new stake in shares of Sempra Energy during the 4th quarter worth about $59,000. Institutional investors and hedge funds own 88.59% of the company’s stock.

SRE has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Sempra Energy from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Wells Fargo & Co raised their target price on shares of Sempra Energy from $153.00 to $161.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Argus raised their target price on shares of Sempra Energy from $156.00 to $163.00 and gave the stock a “buy” rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. raised their target price on shares of Sempra Energy from $136.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Zacks Investment Research raised shares of Sempra Energy from a “sell” rating to a “hold” rating and set a $154.00 target price on the stock in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sempra Energy has an average rating of “Hold” and an average price target of $157.20.

In other news, CEO Jeffrey W. Martin sold 8,251 shares of Sempra Energy stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $155.66, for a total transaction of $1,284,350.66. Following the sale, the chief executive officer now owns 31,779 shares in the company, valued at $4,946,719.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter R. Wall sold 1,569 shares of Sempra Energy stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $156.84, for a total transaction of $246,081.96. Following the sale, the chief accounting officer now owns 2,242 shares in the company, valued at approximately $351,635.28. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

NYSE SRE traded down $0.31 during mid-day trading on Monday, hitting $159.45. The company’s stock had a trading volume of 16,253 shares, compared to its average volume of 1,079,819. Sempra Energy has a 52-week low of $112.46 and a 52-week high of $160.51. The stock’s fifty day simple moving average is $151.11 and its two-hundred day simple moving average is $144.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. The firm has a market capitalization of $45.04 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.87 and a beta of 0.41.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $1.23 earnings per share. Sempra Energy’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Sempra Energy will post 6.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.9675 per share. The ex-dividend date was Friday, December 27th. This represents a $3.87 dividend on an annualized basis and a dividend yield of 2.43%. Sempra Energy’s dividend payout ratio is currently 69.48%.

Sempra Energy Company 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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