Marble Harbor Investment Counsel LLC Reduces Stake in Sempra Energy (SRE)

Marble Harbor Investment Counsel LLC lowered its stake in shares of Sempra Energy (NYSE:SRE) by 28.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,550 shares of the utilities provider’s stock after selling 1,000 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Sempra Energy were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mechanics Bank Trust Department raised its holdings in shares of Sempra Energy by 16.9% during the fourth quarter. Mechanics Bank Trust Department now owns 3,555 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 515 shares during the period. Horizon Investment Services LLC raised its holdings in shares of Sempra Energy by 10.0% during the fourth quarter. Horizon Investment Services LLC now owns 6,416 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 581 shares during the period. Opus Capital Group LLC raised its holdings in shares of Sempra Energy by 12.6% during the fourth quarter. Opus Capital Group LLC now owns 5,226 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 585 shares during the period. Flinton Capital Management LLC raised its holdings in shares of Sempra Energy by 9.3% during the fourth quarter. Flinton Capital Management LLC now owns 6,944 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 588 shares during the period. Finally, FDx Advisors Inc. raised its holdings in shares of Sempra Energy by 15.8% during the fourth quarter. FDx Advisors Inc. now owns 4,306 shares of the utilities provider’s stock valued at $460,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 90.15% of the company’s stock.

In other Sempra Energy news, Chairman Debra L. Reed sold 49,909 shares of the company’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $110.37, for a total value of $5,508,456.33. Following the completion of the sale, the chairman now directly owns 177,227 shares of the company’s stock, valued at approximately $19,560,543.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Ouchi sold 1,918 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $104.80, for a total transaction of $201,006.40. Following the completion of the sale, the director now directly owns 14,954 shares of the company’s stock, valued at $1,567,179.20. The disclosure for this sale can be found here. Insiders sold a total of 55,775 shares of company stock worth $6,142,993 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

SRE opened at $105.19 on Friday. 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 has a fifty-two week low of $100.63 and a fifty-two week high of $122.97. The stock has a market capitalization of $27.79 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.48.

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

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Friday, April 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $104.00 price objective (down previously from $112.00) on shares of Sempra Energy in a report on Tuesday, March 6th. Argus upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Monday, May 21st. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 7th. Finally, ValuEngine lowered shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Friday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $120.64.

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.

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

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