Magnetar Financial LLC bought a new position in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,880 shares of the utilities provider’s stock, valued at approximately $443,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Sempra Energy by 240.3% in the second quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock valued at $144,664,000 after buying an additional 905,963 shares during the period. BT Investment Management Ltd acquired a new position in shares of Sempra Energy in the second quarter valued at approximately $85,559,000. Capital International Investors increased its stake in shares of Sempra Energy by 7.1% in the second quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after buying an additional 661,199 shares during the period. Janus Henderson Group PLC increased its stake in shares of Sempra Energy by 1,806.5% in the second quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after buying an additional 573,891 shares during the period. Finally, CI Investments Inc. increased its stake in shares of Sempra Energy by 125.3% in the second quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after buying an additional 514,100 shares during the period. 80.62% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on SRE. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a research note on Tuesday, November 7th. 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. Bank of America assumed coverage on shares of Sempra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $125.00 target price for the company. Goldman Sachs Group raised 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, Wells Fargo & Company decreased 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. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $124.56.
Sempra Energy (NYSE SRE) traded up $0.55 during trading hours on Thursday, reaching $115.24. 1,867,800 shares of the company’s stock were exchanged, compared to its average volume of 1,138,664. The firm has a market cap of $28,760.94, a P/E ratio of 21.21, a PEG ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. Sempra Energy has a twelve month low of $99.48 and a twelve month high of $122.97.
Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. research analysts expect that Sempra Energy will post 5.24 EPS for the current fiscal year.
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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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