AE Wealth Management LLC bought a new position in shares of Sempra Energy (NYSE:SRE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,227 shares of the utilities provider’s stock, valued at approximately $254,000.
A number of other hedge funds have also recently made changes to their positions in SRE. Principal Financial Group Inc. raised its position 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 purchasing an additional 905,963 shares during the period. BT Investment Management Ltd bought a new position in Sempra Energy during the second quarter worth about $85,559,000. Capital International Investors increased its position in Sempra Energy by 7.1% during the second quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock worth $1,126,747,000 after acquiring an additional 661,199 shares during the period. Janus Henderson Group PLC increased its position in 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 worth $68,288,000 after acquiring an additional 573,891 shares during the period. Finally, CI Investments Inc. increased its position in Sempra Energy by 125.3% during the second quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock worth $104,233,000 after acquiring an additional 514,100 shares during the period. Hedge funds and other institutional investors own 80.62% of the company’s stock.
A number of research firms recently commented on SRE. Morgan Stanley raised their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Wells Fargo & Company decreased their target price on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co decreased their target price on shares of Sempra Energy from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, October 12th. Finally, Goldman Sachs Group upgraded shares of Sempra Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $117.00 to $129.00 in a research note on Wednesday, October 11th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $124.56.
Sempra Energy (NYSE:SRE) traded up $0.12 during trading hours on Thursday, reaching $116.43. 1,933,523 shares of the company traded hands, compared to its average volume of 1,128,139. 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 has a twelve month low of $98.49 and a twelve month high of $122.97. The firm has a market cap of $29,180.24, a P/E ratio of 21.52, a PEG ratio of 2.55 and a beta of 0.61.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS. equities analysts predict that Sempra Energy will post 5.24 earnings per share 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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