Sei Investments Co. grew its stake in shares of Sempra Energy (NYSE:SRE) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,643 shares of the utilities provider’s stock after purchasing an additional 4,300 shares during the period. Sei Investments Co.’s holdings in Sempra Energy were worth $12,286,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in SRE. Principal Financial Group Inc. lifted its holdings in shares of Sempra Energy by 240.3% during 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 purchasing an additional 905,963 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of Sempra Energy during the second quarter valued at $85,559,000. Capital International Investors lifted its holdings in shares of Sempra Energy by 7.1% during 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 purchasing an additional 661,199 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sempra Energy by 1,806.5% during the second quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after purchasing an additional 573,891 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Sempra Energy by 125.3% during the second quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after purchasing an additional 514,100 shares during the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on SRE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co reduced their target price on Sempra Energy from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. The Goldman Sachs Group, Inc. raised Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $129.00 in a report on Wednesday, October 11th. Morgan Stanley upped their target price on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Wells Fargo & Company reduced their target price on Sempra Energy from $130.00 to $128.00 and set an “outperform” rating for the company in a 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. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $124.56.
Sempra Energy (NYSE:SRE) opened at $119.51 on Friday. The firm has a market capitalization of $30,090.00, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.69 and a beta of 0.62. Sempra Energy has a 52-week low of $98.12 and a 52-week high of $122.97. 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 results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. Sempra Energy’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. equities analysts predict that Sempra Energy will post 5.24 EPS for the current fiscal year.
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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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