Kelly Lawrence W & Associates Inc. CA maintained its stake in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,224 shares of the utilities provider’s stock at the end of the second quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in Sempra Energy were worth $363,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in SRE. Watermark Asset Management Inc. acquired a new stake in shares of Sempra Energy during the first quarter valued at approximately $411,000. Parametrica Management Ltd purchased a new position in Sempra Energy during the first quarter worth $312,000. Teza Capital Management LLC purchased a new position in Sempra Energy during the first quarter worth $814,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Sempra Energy by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,696 shares of the utilities provider’s stock worth $4,386,000 after buying an additional 103 shares during the period. Finally, Prudential Financial Inc. increased its position in Sempra Energy by 0.7% in the first quarter. Prudential Financial Inc. now owns 352,815 shares of the utilities provider’s stock worth $38,986,000 after buying an additional 2,590 shares during the period. Hedge funds and other institutional investors own 80.54% of the company’s stock.
Shares of Sempra Energy (SRE) traded up 0.66% during trading on Friday, reaching $116.55. The company’s stock had a trading volume of 847,955 shares. The company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 17.24 and a beta of 0.54. The firm’s 50-day moving average price is $113.93 and its 200-day moving average price is $111.72. Sempra Energy has a one year low of $92.95 and a one year high of $117.97.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. Sempra Energy’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. On average, equities analysts anticipate that Sempra Energy will post $5.23 earnings per share for the current year.
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A number of research firms recently weighed in on SRE. Morgan Stanley upped their price target on Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. BidaskClub raised Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $117.00 price objective on shares of Sempra Energy in a research note on Monday, July 24th. Finally, Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a research note on Thursday, June 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $121.00.
In related news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the transaction, the chief executive officer now directly owns 112,345 shares in the company, valued at $12,743,293.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.
Sempra Energy Company Profile
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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