ValuEngine Lowers Sempra Energy (SRE) to Hold

ValuEngine lowered shares of Sempra Energy (NYSE:SRE) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other analysts also recently weighed in on the company. Zacks Investment Research reaffirmed a buy rating and set a $128.00 target price on shares of Sempra Energy in a research note on Monday, December 31st. Wells Fargo & Co lifted their target price on Sempra Energy from $126.00 to $128.00 and gave the stock an outperform rating in a report on Monday. Guggenheim reiterated a buy rating and set a $133.00 price target on shares of Sempra Energy in a report on Monday, January 7th. Finally, TheStreet raised Sempra Energy from a c+ rating to a b rating in a research report on Wednesday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $125.14.

NYSE:SRE opened at $114.24 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59. Sempra Energy has a 52 week low of $100.49 and a 52 week high of $127.22. The company has a market cap of $32.27 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.39 and a beta of 0.51.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, December 28th. Sempra Energy’s dividend payout ratio (DPR) is presently 66.05%.

In related news, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $112.26, for a total value of $117,760.74. Following the completion of the sale, the vice president now directly owns 2,815 shares in the company, valued at approximately $316,011.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph A. Householder sold 11,600 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $115.14, for a total transaction of $1,335,624.00. Following the sale, the insider now owns 95,527 shares of the company’s stock, valued at $10,998,978.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,649 shares of company stock valued at $1,988,835. Corporate insiders own 0.16% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Patten Group Inc. increased its holdings in shares of Sempra Energy by 3.5% during the fourth quarter. Patten Group Inc. now owns 2,675 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 90 shares during the period. Hutchinson Capital Management CA grew its stake in shares of Sempra Energy by 2.1% during the fourth quarter. Hutchinson Capital Management CA now owns 4,902 shares of the utilities provider’s stock worth $531,000 after buying an additional 100 shares during the last quarter. Hanson McClain Inc. grew its stake in shares of Sempra Energy by 25.8% during the fourth quarter. Hanson McClain Inc. now owns 521 shares of the utilities provider’s stock worth $56,000 after buying an additional 107 shares during the last quarter. Pointe Capital Management LLC grew its stake in shares of Sempra Energy by 5.0% during the fourth quarter. Pointe Capital Management LLC now owns 2,534 shares of the utilities provider’s stock worth $274,000 after buying an additional 121 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Sempra Energy by 0.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 17,352 shares of the utilities provider’s stock worth $1,878,000 after purchasing an additional 126 shares during the period. 94.33% of the stock is currently owned by institutional investors.

About Sempra Energy

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 engages in the generation, transmission, and distribution of electricity.

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Analyst Recommendations for Sempra Energy (NYSE:SRE)

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