TCW Group Inc. Invests $1.19 Million in Sempra Energy (SRE) Stock
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.
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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