Vaughan David Investments LLC IL Invests $252,000 in Sempra Energy (SRE) Stock

Vaughan David Investments LLC IL acquired a new stake in Sempra Energy (NYSE:SRE) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,328 shares of the utilities provider’s stock, valued at approximately $252,000.

A number of other large investors have also recently bought and sold shares of the business. Karp Capital Management Corp purchased a new stake in shares of Sempra Energy during the 4th quarter worth approximately $25,000. 1 North Wealth Services LLC purchased a new stake in shares of Sempra Energy during the 4th quarter worth approximately $30,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Sempra Energy by 166.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 532 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 332 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Sempra Energy during the 4th quarter worth approximately $59,000. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in shares of Sempra Energy during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

SRE opened at $118.48 on Friday. The company has a market capitalization of $32.20 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. Sempra Energy has a 12 month low of $100.49 and a 12 month high of $127.22. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 1.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 22nd will be issued a $0.9675 dividend. This is an increase from Sempra Energy’s previous quarterly dividend of $0.90. This represents a $3.87 annualized dividend and a yield of 3.27%. Sempra Energy’s dividend payout ratio (DPR) is 66.05%.

In related news, VP Peter R. Wall sold 1,049 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 2,815 shares of the company’s stock, valued at approximately $316,011.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lynn Schenk sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $107.09, for a total transaction of $535,450.00. Following the completion of the transaction, the director now directly owns 11,306 shares of the company’s stock, valued at $1,210,759.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,649 shares of company stock valued at $1,988,835. 0.16% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Thursday, December 13th. ValuEngine upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Wells Fargo & Co raised their price target on shares of Sempra Energy from $126.00 to $128.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a research note on Wednesday, November 7th. Finally, Guggenheim restated a “buy” rating and set a $133.00 price target on shares of Sempra Energy in a research note on Monday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $125.14.

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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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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