US Bancorp DE reduced its position in Sempra Energy (NYSE:SRE) by 24.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,582 shares of the company’s stock after selling 33,416 shares during the period. US Bancorp DE’s holdings in Sempra Energy were worth $11,210,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Gamble Jones Investment Counsel raised its position in shares of Sempra Energy by 0.4% in the second quarter. Gamble Jones Investment Counsel now owns 2,150 shares of the company’s stock worth $245,000 after buying an additional 9 shares during the period. WESPAC Advisors SoCal LLC raised its position in shares of Sempra Energy by 0.7% in the second quarter. WESPAC Advisors SoCal LLC now owns 1,250 shares of the company’s stock worth $143,000 after buying an additional 9 shares during the period. Chartist Inc. CA raised its position in shares of Sempra Energy by 0.3% in the third quarter. Chartist Inc. CA now owns 2,853 shares of the company’s stock worth $306,000 after buying an additional 9 shares during the period. Alpha Windward LLC raised its position in shares of Sempra Energy by 0.7% in the third quarter. Alpha Windward LLC now owns 1,826 shares of the company’s stock worth $196,000 after buying an additional 13 shares during the period. Finally, Neumann Capital Management LLC raised its position in shares of Sempra Energy by 0.7% in the second quarter. Neumann Capital Management LLC now owns 2,284 shares of the company’s stock worth $260,000 after buying an additional 16 shares during the period. 79.96% of the stock is owned by institutional investors and hedge funds.

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

Sempra Energy (NYSE:SRE) traded up 0.578% during midday trading on Tuesday, hitting $101.835. The company’s stock had a trading volume of 536,778 shares. The company’s 50-day moving average is $102.13 and its 200 day moving average is $106.68. Sempra Energy has a one year low of $86.72 and a one year high of $114.66. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 18.897 and a beta of 0.52.

Sempra Energy (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.06. The company earned $2.54 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Sempra Energy had a return on equity of 9.41% and a net margin of 13.24%. Sempra Energy’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, analysts predict that Sempra Energy will post $4.81 EPS for the current year.

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A number of equities analysts have weighed in on the company. Zacks Investment Research raised Sempra Energy from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Tuesday. Argus reissued a “buy” rating on shares of Sempra Energy in a research report on Tuesday, September 20th. Finally, Guggenheim reissued a “buy” rating and issued a $121.00 target price on shares of Sempra Energy in a research report on Monday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.69.

About Sempra Energy

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International, which includes Sempra South American Utilities and Sempra Mexico segments, and Sempra U.S. Gas & Power, which includes Sempra Renewables and Sempra Natural Gas segments.

5 Day Chart for NYSE:SRE

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