Capital Guardian Trust Co. raised its stake in shares of Sempra Energy (NYSE:SRE) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,328 shares of the utilities provider’s stock after purchasing an additional 26,798 shares during the quarter. Capital Guardian Trust Co. owned about 0.11% of Sempra Energy worth $31,537,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SRE. Bronfman E.L. Rothschild L.P. lifted its holdings in Sempra Energy by 27.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 202 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in Sempra Energy by 0.7% during the second quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 9 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Sempra Energy by 49.7% during the second quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 436 shares in the last quarter. Rocky Mountain Advisers LLC purchased a new position in Sempra Energy during the third quarter valued at $183,000. Finally, San Francisco Sentry Investment Group CA purchased a new position in Sempra Energy during the second quarter valued at $186,000. 80.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sempra Energy (NYSE SRE) traded up $0.26 on Monday, hitting $116.69. 1,921,300 shares of the company’s stock were exchanged, compared to its average volume of 1,131,486. Sempra Energy has a 1-year low of $99.48 and a 1-year high of $122.97. The firm has a market capitalization of $29,298.25, a PE ratio of 21.61, a PEG ratio of 2.56 and a beta of 0.61. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm posted $1.02 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities analysts forecast that Sempra Energy will post 5.24 earnings per share for the current year.
SRE has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective on the stock. J P Morgan Chase & Co increased their target price on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Wells Fargo & Company reduced their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $117.00 to $129.00 in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Sempra Energy in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $124.56.
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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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