Quadrant Capital Group LLC Acquires 5,063 Shares of Sempra Energy $SRE

Quadrant Capital Group LLC increased its stake in Sempra Energy by 66.2% in Q2, owning 12,711 shares worth $963,000. Analysts have mixed ratings on Sempra Energy, with a consensus rating of "Moderate Buy" and a price target of $96.92. Insiders sold shares worth $5.5 million in the last 90 days.

Quadrant Capital Group LLC lifted its stake in Sempra Energy (NYSE:SRE - Free Report) by 66.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,711 shares of the utilities provider's stock after purchasing an additional 5,063 shares during the period. Quadrant Capital Group LLC's holdings in Sempra Energy were worth $963,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its holdings in Sempra Energy by 80.7% during the first quarter. Federated Hermes Inc. now owns 2,784 shares of the utilities provider's stock worth $199,000 after buying an additional 1,243 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Sempra Energy by 29.7% in the 1st quarter. Arkadios Wealth Advisors now owns 6,717 shares of the utilities provider's stock valued at $479,000 after acquiring an additional 1,539 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Sempra Energy by 6.0% in the 1st quarter. Harbour Investments Inc. now owns 5,569 shares of the utilities provider's stock valued at $397,000 after acquiring an additional 317 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Sempra Energy by 206.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,655 shares of the utilities provider's stock worth $546,000 after acquiring an additional 5,153 shares during the last quarter. Finally, R Squared Ltd boosted its stake in Sempra Energy by 1,334.8% during the 1st quarter. R Squared Ltd now owns 3,300 shares of the utilities provider's stock worth $235,000 after acquiring an additional 3,070 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

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Insiders Place Their Bets

In other Sempra Energy news, CAO Dyan Z. Wold sold 1,510 shares of Sempra Energy stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $91.38, for a total value of $137,983.80. Following the sale, the chief accounting officer directly owned 3,481 shares in the company, valued at approximately $318,093.78. The trade was a 30.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Caroline Ann Winn sold 500 shares of the business's stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $91.70, for a total transaction of $45,850.00. Following the sale, the executive vice president directly owned 33,664 shares in the company, valued at $3,086,988.80. This trade represents a 1.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,693 shares of company stock valued at $5,507,997 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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Several research firms have weighed in on SRE. Wall Street Zen upgraded shares of Sempra Energy from a "sell" rating to a "hold" rating in a report on Saturday, November 8th. Mizuho upped their price objective on shares of Sempra Energy from $86.00 to $93.00 and gave the company an "outperform" rating in a research report on Wednesday, September 24th. Citigroup reiterated a "neutral" rating and set a $99.00 target price (up from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. Barclays decreased their target price on Sempra Energy from $101.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. Finally, Evercore ISI set a $105.00 price target on Sempra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.92.

Read Our Latest Research Report on SRE

Sempra Energy Stock Performance

SRE opened at $94.72 on Monday. The company has a market capitalization of $61.82 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.84 and a beta of 0.68. The business's 50-day moving average price is $91.55 and its two-hundred day moving average price is $83.29. Sempra Energy has a 1 year low of $61.90 and a 1 year high of $95.72. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.48 and a quick ratio of 0.41.

Sempra Energy (NYSE:SRE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.27. Sempra Energy had a return on equity of 8.42% and a net margin of 20.28%.The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $0.89 earnings per share. Sempra Energy's quarterly revenue was up 13.5% on a year-over-year basis. Equities analysts expect that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Thursday, December 11th will be issued a $0.645 dividend. The ex-dividend date is Thursday, December 11th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.7%. Sempra Energy's dividend payout ratio (DPR) is 79.14%.

Sempra Energy Profile

(Free Report)

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.

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