State of New Jersey Common Pension Fund D held its stake in shares of Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the utilities provider’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Sempra Energy were worth $13,530,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Raymond James Trust N.A. increased its stake in shares of Sempra Energy by 0.8% in the first quarter. Raymond James Trust N.A. now owns 9,235 shares of the utilities provider’s stock worth $1,021,000 after buying an additional 71 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Sempra Energy by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 73,130 shares of the utilities provider’s stock valued at $8,080,000 after buying an additional 950 shares during the period. National Pension Service increased its stake in shares of Sempra Energy by 4.4% in the first quarter. National Pension Service now owns 188,529 shares of the utilities provider’s stock valued at $20,782,000 after buying an additional 8,032 shares during the period. Bank of Montreal Can increased its stake in shares of Sempra Energy by 5.0% in the first quarter. Bank of Montreal Can now owns 278,344 shares of the utilities provider’s stock valued at $30,757,000 after buying an additional 13,351 shares during the period. Finally, Alpha Windward LLC increased its stake in shares of Sempra Energy by 1.6% in the first quarter. Alpha Windward LLC now owns 1,918 shares of the utilities provider’s stock valued at $212,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.
Sempra Energy (NYSE SRE) traded up 0.66% during trading on Friday, hitting $116.55. 847,955 shares of the company traded hands. The stock has a 50-day moving average price of $113.93 and a 200-day moving average price of $111.72. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $117.97. The firm has a market capitalization of $29.26 billion, a P/E ratio of 17.24 and a beta of 0.54.
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 the consensus estimate of $0.80 by $0.30. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts expect that Sempra Energy will post $5.23 EPS for the current fiscal year.
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Several analysts have commented on SRE shares. Morgan Stanley dropped their target price on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 price target on shares of Sempra Energy in a research note on Wednesday, May 10th. Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a research note on Thursday, June 8th. BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $117.00 price target on shares of Sempra Energy in a research note on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $121.00.
In other news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the transaction, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.
About Sempra Energy
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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