A Director at Sempra Energy is Exercising Options

By Carrie Williams

Today, a Director at Sempra Energy, Lynn Schenk, exercised options of Sempra Energy for $640.9K.

Following this transaction Lynn Schenk’s holding in the company was increased by 328.43% to a total of $1.76 million.

Based on Sempra Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.68 billion and quarterly net profit of $57 million. In comparison, last year the company earned revenue of $2.53 billion and had a net profit of $622 million. The company has a one-year high of $122.98 and a one-year low of $99.71. SRE’s market cap is $27.09B and the company has a P/E ratio of 23.96.

11 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $122.25, reflecting a -11.4% downside.

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Sempra Energy is an energy-services holding company, whose operating units invests in, develop and operate energy infrastructure, and provide gas and electricity services to their customers in North and South America. It operates through the following segments: San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra South American Utilities, Sempra Mexico, Sempra Renewables, and Sempra Natural Gas. The SDG&E segment delivers electricity in San Diego County and Southern Orange City, California and also transports electricity and natural gas for others. The SoCalGas segment owns and operates a natural gas distribution, transmission, and storage systems that supplies San Luis Obispo, California in the north to the Mexican border in the south, excluding San Diego County, the city of Long Beach and the desert area of San Bernardino County covering the residential, commercial, industrial, utility electric generation, and wholesale customers. The Sempra South American Utilities segment operates Chilquinta Energia, which distributes electricity in Valparaiso and Viña del Mar in Chile; and Luz del Sur S.A.A., which distributes utility in Lima, Peru. The Sempra Mexico owns and operates natural gas-fired power plant, natural gas distribution systems, natural gas pipelines, and Energia Costa Azul liquefied natural gas regasification terminal. The Sempra Renewables segment operates wind and solar energy generation facilities and invests and develops projects in Arizona, California, Colorado, Hawaii, Indiana, Kansas, Minnesota, Nebraska, Nevada, and Pennsylvania. The Sempra Natural Gas segment develops and operates natural gas storage and related pipeline facilities in Alabama, Louisiana, and Mississippi, and has marketing operations in California. The company was founded in 1998 and is headquartered in San Diego, CA.