UMB Bank N A MO decreased its holdings in Sempra Energy (NYSE:SRE) by 14.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,628 shares of the utilities provider’s stock after selling 1,260 shares during the quarter. UMB Bank N A MO’s holdings in Sempra Energy were worth $861,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Atlas Private Wealth Management purchased a new position in Sempra Energy in the 4th quarter worth about $30,000. Westside Investment Management Inc. purchased a new position in Sempra Energy in the 1st quarter worth about $33,000. Pearl River Capital LLC purchased a new stake in shares of Sempra Energy during the 1st quarter valued at about $34,000. Hall Laurie J Trustee purchased a new stake in shares of Sempra Energy during the 4th quarter valued at about $39,000. Finally, Horrell Capital Management Inc. purchased a new stake in shares of Sempra Energy during the 1st quarter valued at about $56,000. 83.73% of the stock is owned by institutional investors and hedge funds.

In other Sempra Energy news, CFO Trevor I. Mihalik sold 10,281 shares of Sempra Energy stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $124.16, for a total value of $1,276,488.96. Following the sale, the chief financial officer now directly owns 15,464 shares in the company, valued at approximately $1,920,010.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

NYSE SRE traded down $0.76 on Friday, reaching $116.56. The company had a trading volume of 326,643 shares, compared to its average volume of 2,055,219. The company has a quick ratio of 0.43, a current ratio of 0.45 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $35.12 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. The firm’s 50 day moving average price is $124.56 and its 200 day moving average price is $135.59. Sempra Energy has a 12 month low of $88.00 and a 12 month high of $161.87.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.82. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.24 billion. Sempra Energy had a net margin of 22.32% and a return on equity of 11.30%. Sempra Energy’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. On average, research analysts expect that Sempra Energy will post 7.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $4.18 dividend on an annualized basis and a yield of 3.59%. Sempra Energy’s dividend payout ratio is currently 61.65%.

SRE has been the subject of several research reports. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their price objective on Sempra Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Seaport Global Securities started coverage on Sempra Energy in a research note on Monday, June 15th. They set a “buy” rating and a $142.00 price objective for the company. 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. Finally, Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research note on Monday, April 13th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $147.75.

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 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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