Summit Trail Advisors LLC raised its position in Sempra Energy (NYSE:SRE) by 11,368.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,295,974 shares of the utilities provider’s stock after buying an additional 1,284,674 shares during the quarter. Summit Trail Advisors LLC owned about 0.49% of Sempra Energy worth $1,296,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Kayne Anderson Capital Advisors LP bought a new position in Sempra Energy in the 1st quarter valued at about $222,000. Xact Kapitalforvaltning AB increased its holdings in Sempra Energy by 8.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 24,267 shares of the utilities provider’s stock valued at $2,699,000 after buying an additional 1,979 shares during the period. Legal & General Group Plc increased its holdings in Sempra Energy by 0.3% in the 1st quarter. Legal & General Group Plc now owns 2,048,222 shares of the utilities provider’s stock valued at $227,798,000 after buying an additional 5,205 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in Sempra Energy by 46.2% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 2,101 shares of the utilities provider’s stock valued at $234,000 after buying an additional 664 shares during the period. Finally, Brookfield Asset Management Inc. increased its holdings in Sempra Energy by 13.8% in the 1st quarter. Brookfield Asset Management Inc. now owns 1,039,732 shares of the utilities provider’s stock valued at $115,639,000 after buying an additional 126,286 shares during the period. 90.10% of the stock is currently owned by hedge funds and other institutional investors.
In other Sempra Energy news, VP G Joyce Rowland sold 3,948 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $109.81, for a total transaction of $433,529.88. Following the sale, the vice president now directly owns 2,655 shares of the company’s stock, valued at approximately $291,545.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Ouchi sold 1,918 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $104.80, for a total transaction of $201,006.40. Following the sale, the director now directly owns 14,954 shares in the company, valued at $1,567,179.20. The disclosure for this sale can be found here. Insiders have sold a total of 55,775 shares of company stock worth $6,142,993 over the last three months. Insiders own 0.16% of the company’s stock.
Shares of Sempra Energy opened at $113.27 on Wednesday, MarketBeat Ratings reports. The company has a market cap of $29.76 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.37 and a beta of 0.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.34 and a current ratio of 0.37. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $122.97.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Monday, May 7th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.19). Sempra Energy had a net margin of 1.45% and a return on equity of 8.30%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the firm posted $1.74 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. equities research analysts forecast that Sempra Energy will post 5.42 EPS for the current year.
SRE has been the topic of several recent analyst reports. TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 7th. Guggenheim reaffirmed a “buy” rating and set a $122.00 price target on shares of Sempra Energy in a report on Friday, February 23rd. Zacks Investment Research raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, April 3rd. Wells Fargo & Co reaffirmed a “buy” rating and set a $120.00 price target (down from $121.00) on shares of Sempra Energy in a report on Wednesday, February 28th. Finally, Argus raised shares of Sempra Energy from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Monday, May 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $121.50.
Sempra Energy 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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