IHT Wealth Management LLC acquired a new position in shares of Sempra Energy (NYSE:SRE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,033 shares of the utilities provider’s stock, valued at approximately $300,000.
Other hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in shares of Sempra Energy in the 2nd quarter worth about $25,000. River & Mercantile Asset Management LLP purchased a new position in Sempra Energy during the 2nd quarter valued at about $27,000. Garrett Wealth Advisory Group LLC purchased a new position in Sempra Energy during the 3rd quarter valued at about $31,000. Westside Investment Management Inc. acquired a new position in Sempra Energy during the second quarter worth about $41,000. Finally, Meeder Asset Management Inc. acquired a new position in Sempra Energy during the second quarter worth about $47,000. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. ValuEngine lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Evercore ISI restated a “buy” rating and set a $160.00 price objective on shares of Sempra Energy in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Sempra Energy from $136.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Argus upped their target price on Sempra Energy from $150.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Barclays started coverage on Sempra Energy in a report on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $151.27.
Sempra Energy stock opened at $146.41 on Tuesday. The stock has a market capitalization of $41.51 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.12 and a beta of 0.41. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $148.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.39 and a quick ratio of 0.36. The firm’s 50-day moving average is $145.54 and its two-hundred day moving average is $140.60.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.93 billion. Sempra Energy had a net margin of 23.55% and a return on equity of 10.12%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. As a group, analysts forecast that Sempra Energy will post 6.11 EPS for the current year.
In other Sempra Energy news, Director Andres Conesa purchased 2,000 shares of Sempra Energy stock in a transaction on Friday, November 22nd. The shares were bought at an average price of $147.26 per share, with a total value of $294,520.00. Following the purchase, the director now directly owns 4,749 shares in the company, valued at approximately $699,337.74. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
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 generates, transmits, and distributes electricity; and supplies natural gas.
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