5,865 Shares in Sempra Energy (NYSE:SRE) Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new position in Sempra Energy (NYSE:SRE) during the second quarter, HoldingsChannel.com reports. The fund acquired 5,865 shares of the utilities provider’s stock, valued at approximately $806,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its holdings in shares of Sempra Energy by 1.5% in the first quarter. Northern Trust Corp now owns 3,633,635 shares of the utilities provider’s stock worth $457,329,000 after buying an additional 51,955 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sempra Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after buying an additional 253,809 shares during the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Sempra Energy by 3.1% in the first quarter. Magellan Asset Management Ltd now owns 1,934,817 shares of the utilities provider’s stock worth $243,516,000 after buying an additional 57,861 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Sempra Energy by 18.1% in the first quarter. California Public Employees Retirement System now owns 1,504,162 shares of the utilities provider’s stock worth $189,314,000 after buying an additional 230,974 shares during the last quarter. Finally, Reaves W H & Co. Inc. boosted its holdings in shares of Sempra Energy by 2.6% in the first quarter. Reaves W H & Co. Inc. now owns 1,172,130 shares of the utilities provider’s stock worth $147,525,000 after buying an additional 30,258 shares during the last quarter. 97.11% of the stock is currently owned by institutional investors.

SRE has been the topic of a number of research reports. ValuEngine downgraded shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays assumed coverage on shares of Sempra Energy in a research note on Tuesday. They set an “equal weight” rating and a $142.00 target price on the stock. Zacks Investment Research cut shares of Sempra Energy from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research note on Wednesday, July 24th. KeyCorp assumed coverage on shares of Sempra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $151.00 target price on the stock. Finally, Morgan Stanley decreased their target price on shares of Sempra Energy from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $142.25.

NYSE SRE traded up $0.34 on Friday, reaching $138.88. 2,563,000 shares of the stock were exchanged, compared to its average volume of 1,567,722. Sempra Energy has a one year low of $104.88 and a one year high of $141.86. The firm has a market capitalization of $37.54 billion, a PE ratio of 24.93, a PEG ratio of 2.92 and a beta of 0.45. The company’s 50-day simple moving average is $138.16 and its two-hundred day simple moving average is $129.78. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.24.

Sempra Energy (NYSE:SRE) last released its earnings results on Friday, August 2nd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). Sempra Energy had a return on equity of 10.18% and a net margin of 18.61%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the business posted $1.35 EPS. Sell-side analysts forecast that Sempra Energy will post 6.03 earnings per share for the current fiscal year.

In other Sempra Energy news, Chairman Jeffrey W. Martin sold 9,392 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $133.85, for a total transaction of $1,257,119.20. Following the sale, the chairman now owns 36,403 shares in the company, valued at approximately $4,872,541.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Peter R. Wall sold 723 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $135.47, for a total transaction of $97,944.81. Following the sale, the chief accounting officer now owns 2,359 shares in the company, valued at approximately $319,573.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,515 shares of company stock worth $8,148,984. 0.13% of the stock is owned by company insiders.

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 generates, transmits, and distributes electricity; and supplies natural gas.

Further Reading: How mutual funds make money

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

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