Insider Analysis: What after Alan Boeckmann’s Insider Acquisition of Sempra Energy (NYSE:SRE) Stock?

November 29, 2016 - By Peter Kolinski

Insider Analysis: What after Alan Boeckmann's Insider Acquisition of Sempra Energy (NYSE:SRE) Stock?

Alan Boeckmann Insider Buy

The Sempra Energy’s director Alan Boeckmann purchased – 6,000 shares of Sempra Energy, based on the stock price per share of $101.5 a share. These insider shares had a value of about $609,116 US Dollars. Alan Boeckmann now owns 6,000 shares or 0.00% of the company’s market capitalization. The filing was revealed in a filing dated 29/11/2016 with the SEC.

Sempra Energy (NYSE:SRE) Ratings Coverage

Out of 2 analysts covering Sempra Energy (NYSE:SRE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $116 is the highest target while $108 is the lowest. The $112.25 average target is 10.84% above today’s ($101.27) stock price. Sempra Energy has been the topic of 4 analyst reports since September 15, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) on Monday, January 25 with “Outperform” rating.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.10, from 1.05 in 2016Q1. The ratio fall, as 44 funds sold all Sempra Energy shares owned while 179 reduced positions. 52 funds bought stakes while 183 increased positions. They now own 195.51 million shares or 1.76% less from 199.01 million shares in 2016Q1.

Ar Asset Mgmt holds 10,000 shares or 0.48% of its portfolio. Capital Rech Invsts has 11.03 million shares for 0.43% of their US portfolio. Teachers Advisors Incorporated last reported 0.27% of its portfolio in the stock. Verition Fund Mngmt Limited Liability holds 0.1% or 7,116 shares in its portfolio. The New York-based Jefferies Grp Ltd Liability Corporation has invested 0.01% in Sempra Energy (NYSE:SRE). Chilton Capital Mgmt Limited Liability Corporation holds 116,205 shares or 1.28% of its portfolio. Vanguard holds 0.11% of its portfolio in Sempra Energy (NYSE:SRE) for 15.37 million shares. Janney Montgomery Scott Limited Liability Corporation has invested 0.02% of its portfolio in Sempra Energy (NYSE:SRE). Invesco Limited accumulated 2.22M shares or 0.09% of the stock. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 267,885 shares. Eaton Vance holds 0.65% or 1.94 million shares in its portfolio. Girard Prtnrs accumulated 3,108 shares or 0.13% of the stock. Moreover, Natl Asset Mgmt Incorporated has 0.08% invested in Sempra Energy (NYSE:SRE) for 3,557 shares. Balyasny Asset Management Ltd Liability Corp, a Illinois-based fund reported 638,621 shares. The Nebraska-based Ameritas Invest Prtn Inc has invested 0.03% in Sempra Energy (NYSE:SRE).

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 3 insider sales for $2.24 million net activity. $536,000 worth of Sempra Energy (NYSE:SRE) was sold by RUTLEDGE WILLIAM P. On Thursday, June 9 the insider JONES WILLIAM D /CA/ sold $1.10M. $604,721 worth of Sempra Energy (NYSE:SRE) was sold by MIHALIK TREVOR I.

The stock closed at $101.27 during the last session. It is down 0.05% since April 26, 2016 and is uptrending. It has underperformed by 5.21% the S&P500.

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico divisions, and Sempra U.S. The company has a market cap of $25.78 billion. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas divisions. It has a 18.69 P/E ratio. Sempra Mexico segment owns and operates a natural gas-fired power plant and interests in a wind generation facility in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico; natural gas pipelines between the United States border and Baja California, Mexico and Sonora, Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico.

According to Zacks Investment Research, “Sempra Energy is an energy services holding company. Through its eight principal subsidiaries — Southern California Gas Company, San Diego Gas & Electric, Sempra Energy Solutions, Sempra Energy Trading, Sempra Energy International, Sempra Energy Resources, Sempra Communications and Sempra Energy Financial — Sempra Energy serves customers in the United States, Europe, Canada, Mexico, South America and Asia. (Company Press Release)”

Analysts await Sempra Energy (NYSE:SRE) to report earnings on February, 24. They expect $1.56 EPS, up 6.12% or $0.09 from last year’s $1.47 per share. SRE’s profit will be $397.12M for 16.23 P/E if the $1.56 EPS becomes a reality. After $1.02 actual EPS reported by Sempra Energy for the previous quarter, Wall Street now forecasts 52.94% EPS growth.

More notable recent Sempra Energy (NYSE:SRE) news were published by: Wsj.com which released: “Sempra Energy Profit Soars, but Revenue Misses Expectations” on November 02, 2016, also Fool.com with their article: “Sempra Energy’s Bad News About Cameron LNG Trumped Decent Earnings Results” published on November 07, 2016, Prnewswire.com published: “Sempra Energy Reports Increased Third-Quarter Earnings” on November 02, 2016. More interesting news about Sempra Energy (NYSE:SRE) were released by: Reuters.com and their article: “Sempra Energy agreed to buy Peru pipeline stake -finance minister” published on November 03, 2016 as well as Zacks.com‘s news article titled: “Sempra Energy (SRE) Q3 Earnings: Stock to Beat Estimates?” with publication date: October 31, 2016.

SRE Company Profile

Sempra Energy, incorporated on October 11, 1996, is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico divisions, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas divisions. Sempra Mexico segment owns and operates a natural gas-fired power plant and interests in a wind generation facility in Baja California, Mexico; natural gas distribution systems in Mexicali, Chihuahua, and the La Laguna-Durango zone in north-central Mexico; natural gas pipelines between the United States border and Baja California, Mexico and Sonora, Mexico, and the Energia Costa Azul LNG regasification terminal located in Baja California, Mexico. Sempra Mexico also owns interests in a joint venture with PEMEX (Petroleos Mexicanos, the Mexican state-owned oil company) that operates several natural gas pipelines and propane and ethane systems in Mexico.

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