Sempra Energy (SRE) Stake Decreased by Hartford Investment Management Co.
Hartford Investment Management Co. reduced its position in Sempra Energy (NYSE:SRE) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,780 shares of the utilities provider’s stock after selling 422 shares during the period. Hartford Investment Management Co.’s holdings in Sempra Energy were worth $6,138,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its holdings in shares of Sempra Energy by 14.1% in the 3rd quarter. Shell Asset Management Co. now owns 66,058 shares of the utilities provider’s stock valued at $6,961,000 after buying an additional 8,165 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Sempra Energy by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,031,859 shares of the utilities provider’s stock valued at $454,591,000 after buying an additional 80,131 shares in the last quarter. Girard Partners LTD. boosted its holdings in shares of Sempra Energy by 11.9% in the 2nd quarter. Girard Partners LTD. now owns 3,234 shares of the utilities provider’s stock valued at $365,000 after buying an additional 343 shares in the last quarter. Timber Hill LLC bought a new stake in shares of Sempra Energy in the 2nd quarter valued at about $1,104,000. Finally, Opus Capital Group LLC bought a new stake in shares of Sempra Energy in the 2nd quarter valued at about $563,000. Institutional investors and hedge funds own 80.61% of the company’s stock.
A number of research firms have recently weighed in on SRE. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price target 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. Wells Fargo & Company lowered their price target on shares of Sempra Energy from $130.00 to $128.00 and set an “outperform” rating on the stock in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Sempra Energy in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $124.56.
Sempra Energy (SRE) traded down $0.51 during mid-day trading on Friday, reaching $120.48. 1,195,329 shares of the company were exchanged, compared to its average volume of 1,163,749. The firm has a market cap of $30,377.88, a PE ratio of 22.41, a PEG ratio of 2.66 and a beta of 0.61. 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 has a one year low of $98.12 and a one year high of $122.97.
Sempra Energy (NYSE:SRE) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, hitting analysts’ consensus estimates of $1.04. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sempra Energy had a net margin of 10.22% and a return on equity of 8.81%. Sempra Energy’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. sell-side analysts anticipate that Sempra Energy will post 5.24 earnings per share for the current year.
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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.
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