Advisor Partners LLC increased its position in Sempra Energy (NYSE:SRE) by 16.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,919 shares of the utilities provider’s stock after buying an additional 701 shares during the period. Advisor Partners LLC’s holdings in Sempra Energy were worth $555,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its position in shares of Sempra Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 964 shares of the utilities provider’s stock valued at $107,000 after buying an additional 6 shares during the period. Grove Bank & Trust raised its position in shares of Sempra Energy by 38.3% in the second quarter. Grove Bank & Trust now owns 1,033 shares of the utilities provider’s stock valued at $116,000 after buying an additional 286 shares during the period. Financial Architects Inc raised its position in shares of Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Sempra Energy during the first quarter valued at approximately $170,000. Finally, Signaturefd LLC bought a new position in Sempra Energy during the first quarter valued at about $201,000. 80.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE SRE) traded up 0.66% during trading on Friday, hitting $116.55. The stock had a trading volume of 847,955 shares. The firm has a 50 day moving average price of $113.93 and a 200 day moving average price of $111.72. The firm has a market cap of $29.26 billion, a P/E ratio of 17.24 and a beta of 0.54. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $117.97.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $0.79 EPS. Sempra Energy’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.
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Several research firms recently issued reports on SRE. Barclays PLC cut Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a report on Thursday, June 8th. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut Sempra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Morgan Stanley raised their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.00.
In other news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $113.43, for a total value of $2,608,890.00. Following the transaction, the chief executive officer now owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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