Community Bank N.A. Raises Stock Holdings in Sempra Energy (NYSE:SRE)

Community Bank N.A. increased its stake in shares of Sempra Energy (NYSE:SRE) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the utilities provider’s stock after purchasing an additional 500 shares during the quarter. Community Bank N.A.’s holdings in Sempra Energy were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SRE. Westside Investment Management Inc. acquired a new stake in shares of Sempra Energy during the 1st quarter worth about $33,000. Pearl River Capital LLC acquired a new stake in Sempra Energy during the first quarter worth about $34,000. Regal Wealth Group Inc. acquired a new stake in Sempra Energy during the 2nd quarter worth approximately $54,000. Horrell Capital Management Inc. purchased a new stake in Sempra Energy during the first quarter worth approximately $56,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Sempra Energy in the first quarter worth $56,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.

In other news, CFO Trevor I. Mihalik sold 10,281 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $124.16, for a total transaction of $1,276,488.96. Following the completion of the sale, the chief financial officer now owns 15,464 shares in the company, valued at approximately $1,920,010.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on SRE shares. KeyCorp raised shares of Sempra Energy from a “sector weight” rating to an “overweight” rating and set a $141.00 price target for the company in a research report on Tuesday, July 21st. Royal Bank of Canada reiterated a “buy” rating on shares of Sempra Energy in a research note on Thursday, July 23rd. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research report on Monday, May 4th. Citigroup decreased their price target on Sempra Energy from $152.00 to $133.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Barclays reiterated a “buy” rating and set a $147.00 price objective on shares of Sempra Energy in a research note on Wednesday, April 22nd. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Sempra Energy currently has an average rating of “Buy” and a consensus price target of $146.13.

SRE traded up $0.71 on Friday, reaching $124.46. The company had a trading volume of 1,246,163 shares, compared to its average volume of 1,603,439. The company has a market capitalization of $36.41 billion, a P/E ratio of 15.22, a PEG ratio of 2.30 and a beta of 0.71. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $121.35 and a 200-day moving average of $130.50. Sempra Energy has a one year low of $88.00 and a one year high of $161.87.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.82. Sempra Energy had a net margin of 22.32% and a return on equity of 11.30%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the business posted $1.92 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts predict that Sempra Energy will post 7.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th were given a dividend of $1.045 per share. The ex-dividend date was Thursday, June 25th. This represents a $4.18 annualized dividend and a dividend yield of 3.36%. Sempra Energy’s dividend payout ratio (DPR) is 61.65%.

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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