JPMorgan Chase & Co. lowered its stake in shares of Sempra Energy (NYSE:SRE) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,469,080 shares of the utilities provider’s stock after selling 562,779 shares during the period. JPMorgan Chase & Co. owned 1.38% of Sempra Energy worth $397,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SRE. Principal Financial Group Inc. lifted its holdings in Sempra Energy by 240.3% during the second quarter. Principal Financial Group Inc. now owns 1,283,054 shares of the utilities provider’s stock worth $144,664,000 after buying an additional 905,963 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Sempra Energy during the 2nd quarter valued at $85,559,000. Capital International Investors lifted its holdings in shares of Sempra Energy by 7.1% during the 2nd quarter. Capital International Investors now owns 9,993,320 shares of the utilities provider’s stock valued at $1,126,747,000 after purchasing an additional 661,199 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sempra Energy by 1,806.5% during the 2nd quarter. Janus Henderson Group PLC now owns 605,659 shares of the utilities provider’s stock valued at $68,288,000 after purchasing an additional 573,891 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Sempra Energy by 125.3% during the 2nd quarter. CI Investments Inc. now owns 924,460 shares of the utilities provider’s stock valued at $104,233,000 after purchasing an additional 514,100 shares during the last quarter. Institutional investors own 80.61% of the company’s stock.

Several brokerages have recently commented on SRE. Royal Bank Of Canada reiterated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. J P Morgan Chase & Co increased their price objective on Sempra Energy from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley increased their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $124.56.

Shares of Sempra Energy (NYSE SRE) traded up $0.15 on Wednesday, hitting $119.58. The stock had a trading volume of 1,313,300 shares, compared to its average volume of 1,111,671. Sempra Energy has a 12-month low of $98.12 and a 12-month high of $122.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market cap of $29,802.91, a price-to-earnings ratio of 21.98, a PEG ratio of 2.61 and a beta of 0.62.

Sempra Energy (NYSE:SRE) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. The company had revenue of $2.68 billion during 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%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. research analysts forecast that Sempra Energy will post 5.24 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/11/29/jpmorgan-chase-co-has-397-49-million-holdings-in-sempra-energy-sre.html.

Sempra Energy Profile

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.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

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

Receive News & Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related companies with MarketBeat.com's FREE daily email newsletter.