Sempra Energy (NYSE: SRE): Do Not Miss The Gain Train

The Vanguard Group, Inc. has recently announced that it has increased stake in Sempra Energy (NYSE:SRE) by 7.70%. After grabbing 29.03 million shares, the institutional investor is now in possession of 2.08 million shares of the Utilities Company. The new investment brought the stake of investor firm to 9.23% having worth around $4.51 billion. Moreover, Capital Research & Management Co increased its share by 1.57 million to have a control over 24.62 million shares. And Wellington Management Co. LLP raised its holdings to 0.4 million shares by acquiring 12.45 million shares or 3.96% of the stake.

Sempra Energy (SRE) concluded trading on 05/24/23 at a closing price of $145.72, with 1.05 million shares of worth about $152.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.22% during that period and on Wednesday the price saw a loss of about -0.53%. Currently the company’s common shares owned by public are about 314.92M shares, out of which, 310.86M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 51 times over the past 12 months. They bought 83,467 shares in 20 of the transactions. In 31 selling transactions, insiders dumped 88,803 shares.

Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Washington Mutual Investors Fund are the top 3 mutual funds which are holding stakes in Sempra Energy Vanguard Total Stock Market ETF is currently holding 9.77 million shares of worth totaling $1.52 billion. The company recently came buying 31265.0 shares which brought its stake up to 3.11% of the company’s outstanding shares. Vanguard 500 Index Fund bought 39351.0 shares, after which its hold over company’s outstanding shares expand to 2.35%, leaving 7.38 million shares with the mutual fund that have a worth of about $1.15 billion. Washington Mutual Investors Fund, after buying 7.26 million shares, have now control over 2.31% of the stake in the company. It holds 0.76 million shares of worth $1.13 billion.

Sempra Energy (NYSE: SRE) started trading at $145.77, below -$0.73 from concluding price of the previous day. However, the stock later moved at a day high price of 146.70, or with a loss of -0.53%. Stock saw a price change of -0.74% in past 5 days and over the past one month there was a price change of -7.76%. Year-to-date (YTD), SRE shares are showing a performance of -5.71% which decreased to -11.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $136.54 but also hit the highest price of $176.47 during that period. The average intraday trading volume for Sempra Energy shares is 1.39 million. The stock is currently trading -4.07% below its 20-day simple moving average (SMA20), while that difference is down -3.63% for SMA50 and it goes to -6.79% lower than SMA200.

The Vanguard Group, Inc. acquired 29.03 million shares of Sempra Energy having value of about $4.51 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.08 million shares in the company valued at close to $302600986.24, or have control over 7.70% stake in the company. Sempra Energy (NYSE: SRE) currently have 314.92M outstanding shares and institutions hold larger chunk of about 89.10% of that. Holding of mutual funds in the company is about 32.61% while other institutional holders and individual stake holders have control over 55.69% and 0.53% of the stake respectively.

The stock has a current market capitalization of $46.26B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 18.79, while it has posted earnings per share of $7.75 in the same period. Its PEG reads 4.54 and has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SRE, volatility over the week remained 1.41% while standing at 1.85% over the month.

Analysts are in expectations that Sempra Energy (SRE) stock would likely to be making an EPS of $1.87 in the current quarter, while forecast for next quarter EPS is $2.01 and it is $9.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.79 which is $2.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.98 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 65.20% while it is estimated to increase by 6.59% in next year. EPS is likely to shrink at an annualized rate of 4.14% for next 5-years, compared to annual growth of 13.00% made by the stock over the past 5-years.