Rhumbline Advisers Has $50.25 Million Position in Sempra Energy (SRE)
Rhumbline Advisers increased its holdings in Sempra Energy (NYSE:SRE) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 440,326 shares of the utilities provider’s stock after purchasing an additional 4,589 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Sempra Energy worth $50,254,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Toronto Dominion Bank grew its stake in shares of Sempra Energy by 11.7% in the third quarter. Toronto Dominion Bank now owns 94,700 shares of the utilities provider’s stock worth $10,806,000 after purchasing an additional 9,890 shares during the last quarter. CI Investments Inc. grew its stake in shares of Sempra Energy by 0.4% in the third quarter. CI Investments Inc. now owns 927,960 shares of the utilities provider’s stock worth $105,908,000 after purchasing an additional 3,500 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Sempra Energy by 3.4% in the third quarter. New York State Common Retirement Fund now owns 542,500 shares of the utilities provider’s stock worth $61,916,000 after purchasing an additional 17,800 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Sempra Energy by 2.3% in the third quarter. CIBC Asset Management Inc now owns 22,800 shares of the utilities provider’s stock worth $2,602,000 after purchasing an additional 507 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Sempra Energy by 19.8% in the third quarter. Ballentine Partners LLC now owns 4,497 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 742 shares during the last quarter. 80.58% of the stock is currently owned by institutional investors.
Shares of Sempra Energy (NYSE SRE) traded up $0.27 during midday trading on Wednesday, hitting $122.23. 1,513,800 shares of the stock traded hands, compared to its average volume of 1,106,673. Sempra Energy has a 52-week low of $94.85 and a 52-week high of $122.62. The firm has a market capitalization of $30,631.39, a price-to-earnings ratio of 22.59, a P/E/G ratio of 2.68 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.96.
Sempra Energy (NYSE:SRE) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that Sempra Energy will post 5.24 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co boosted their target price on shares of Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley boosted their target price on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $124.56.
About Sempra Energy
Sempra Energy is a holding company. The Company’s principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments.
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