CIBC World Markets Inc. bought a new position in Sempra Energy (NYSE:SRE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,568 shares of the utilities provider’s stock, valued at approximately $747,000.
Other large investors also recently bought and sold shares of the company. Royal London Asset Management Ltd. purchased a new stake in shares of Sempra Energy in the 2nd quarter worth about $12,460,000. Lake Street Advisors Group LLC purchased a new position in Sempra Energy during the 2nd quarter valued at about $435,000. Nisa Investment Advisors LLC lifted its position in Sempra Energy by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 62,325 shares of the utilities provider’s stock valued at $7,090,000 after acquiring an additional 2,900 shares during the period. Chevy Chase Trust Holdings Inc. lifted its position in Sempra Energy by 0.6% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 224,458 shares of the utilities provider’s stock valued at $25,532,000 after acquiring an additional 1,388 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Sempra Energy during the 3rd quarter valued at about $2,321,000. 94.13% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE SRE opened at $116.86 on Thursday. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The stock has a market cap of $31.53 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.64 and a beta of 0.40. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Sempra Energy had a negative net margin of 3.33% and a positive return on equity of 9.33%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company posted $1.04 EPS. Sempra Energy’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Sempra Energy will post 5.44 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on SRE shares. Morgan Stanley started coverage on shares of Sempra Energy in a research report on Friday, August 10th. They set a “weight” rating for the company. Bank of America lowered their price target on shares of Sempra Energy from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, September 26th. Wells Fargo & Co lifted their price target on shares of Sempra Energy from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, TheStreet raised shares of Sempra Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $123.38.
In other Sempra Energy news, insider Joseph A. Householder sold 11,600 shares of Sempra Energy stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $115.14, for a total value of $1,335,624.00. Following the completion of the transaction, the insider now directly owns 95,527 shares of the company’s stock, valued at $10,998,978.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 5,705 shares of Sempra Energy stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $117.58, for a total transaction of $670,793.90. Following the completion of the transaction, the chief executive officer now directly owns 29,660 shares of the company’s stock, valued at $3,487,422.80. The disclosure for this sale can be found here. Insiders sold 49,349 shares of company stock valued at $5,760,884 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.
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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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