TCW Group Inc. bought a new position in Sempra Energy (NYSE:SRE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,400 shares of the utilities provider’s stock, valued at approximately $1,187,000.

A number of other institutional investors have also recently made changes to their positions in SRE. Principal Financial Group Inc. raised its holdings in Sempra Energy by 240.3% in the second quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after purchasing an additional 905,963 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of Sempra Energy during the second quarter valued at about $85,559,000. Capital International Investors increased its holdings in shares of Sempra Energy by 7.1% during the second quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after acquiring an additional 661,199 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Sempra Energy by 1,806.5% during the second quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after acquiring an additional 573,891 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in shares of Sempra Energy by 125.3% during the second quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after acquiring an additional 514,100 shares in the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Shares of Sempra Energy (NYSE:SRE) traded down $0.35 during midday trading on Friday, reaching $119.51. The company had a trading volume of 1,695,303 shares, compared to its average volume of 1,113,944. The stock has a market capitalization of $30,090.00, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.69 and a beta of 0.62. Sempra Energy has a 52-week low of $98.12 and a 52-week high of $122.97. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 0.96.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.04. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. Sempra Energy had a return on equity of 8.81% and a net margin of 10.22%. Sempra Energy’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. sell-side analysts anticipate that Sempra Energy will post 5.24 earnings per share for the current year.

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Several research firms have recently issued reports on SRE. Bank of America Corporation began coverage on shares of Sempra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $125.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a report on Monday, July 24th. J P Morgan Chase & Co upped their price objective 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. Morgan Stanley upped their price objective 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. Finally, BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

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