Coastline Trust Co reduced its stake in Sempra Energy (NYSE:SRE) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,400 shares of the utilities provider’s stock after selling 921 shares during the period. Coastline Trust Co’s holdings in Sempra Energy were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Sempra Energy by 27.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 927 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 202 shares during the period. WESPAC Advisors SoCal LLC lifted its stake in shares of Sempra Energy by 0.7% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 1,286 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 9 shares during the period. Parallel Advisors LLC lifted its stake in shares of Sempra Energy by 49.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,314 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 436 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Sempra Energy in the 3rd quarter worth approximately $153,000. Finally, Rocky Mountain Advisers LLC acquired a new stake in shares of Sempra Energy in the 3rd quarter worth approximately $183,000. 80.62% of the stock is owned by institutional investors.
Several research firms recently commented on SRE. Royal Bank of Canada reissued 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 note on Wednesday, November 1st. Bank of America began coverage on shares of Sempra Energy in a research note 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 note on Wednesday, October 11th. Finally, Wells Fargo & Company cut 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 note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.56.
Sempra Energy (NYSE SRE) traded up $0.55 during mid-day trading on Thursday, hitting $115.24. 1,867,800 shares of the stock were exchanged, compared to its average volume of 1,138,664. Sempra Energy has a twelve month low of $99.48 and a twelve month high of $122.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.40 and a quick ratio of 0.36. The firm has a market capitalization of $28,760.94, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.45 and a beta of 0.61.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the Thomson Reuters’ 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 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 business earned $1.02 EPS. equities research 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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