Tiverton Asset Management LLC Sells 718 Shares of Sempra Energy (SRE)

Tiverton Asset Management LLC reduced its holdings in Sempra Energy (NYSE:SRE) by 36.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,231 shares of the utilities provider’s stock after selling 718 shares during the period. Tiverton Asset Management LLC’s holdings in Sempra Energy were worth $137,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in Sempra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 20,631,499 shares of the utilities provider’s stock valued at $2,205,919,000 after buying an additional 475,879 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Sempra Energy by 7.0% in the 4th quarter. State of Tennessee Treasury Department now owns 99,952 shares of the utilities provider’s stock valued at $10,687,000 after buying an additional 6,531 shares during the last quarter. Geode Capital Management LLC increased its stake in Sempra Energy by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,656,308 shares of the utilities provider’s stock valued at $283,424,000 after buying an additional 85,865 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in Sempra Energy by 21.3% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 28,550 shares of the utilities provider’s stock valued at $3,053,000 after buying an additional 5,010 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Sempra Energy in the 4th quarter valued at $572,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.

Several equities research analysts have issued reports on SRE shares. Zacks Investment Research upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, March 28th. TheStreet lowered shares of Sempra Energy from a “b-” rating to a “c” rating in a research note on Tuesday, February 27th. UBS started coverage on shares of Sempra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $124.00 price objective on the stock. Wells Fargo restated a “buy” rating and set a $120.00 price objective (down from $121.00) on shares of Sempra Energy in a research note on Wednesday, February 28th. Finally, Scotiabank upgraded shares of Sempra Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $120.80.

Sempra Energy stock opened at $101.97 on Friday. The stock has a market cap of $26.93 billion, a PE ratio of 19.95, a PEG ratio of 2.10 and a beta of 0.48. Sempra Energy has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.26.

Sempra Energy (NYSE:SRE) last announced its earnings results on Monday, May 7th. The utilities provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.19). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.28 billion. Sempra Energy had a return on equity of 8.30% and a net margin of 1.45%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. research analysts expect that Sempra Energy will post 5.48 EPS for the current fiscal year.

In related news, VP G Joyce Rowland sold 3,948 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $109.81, for a total transaction of $433,529.88. Following the completion of the sale, the vice president now owns 2,655 shares of the company’s stock, valued at approximately $291,545.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Debra L. Reed sold 49,909 shares of Sempra Energy stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $110.37, for a total transaction of $5,508,456.33. Following the sale, the chairman now directly owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The disclosure for this sale can be found here. Insiders have sold a total of 55,775 shares of company stock valued at $6,142,993 in the last ninety days. 0.17% of the stock is currently owned by insiders.

Sempra Energy Company Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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