Keybank National Association OH raised its holdings in shares of Sempra Energy (NYSE:SRE) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,805 shares of the utilities provider’s stock after purchasing an additional 4,082 shares during the quarter. Keybank National Association OH’s holdings in Sempra Energy were worth $15,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Systems of Alabama grew its holdings in Sempra Energy by 1.4% during the second quarter. Retirement Systems of Alabama now owns 123,725 shares of the utilities provider’s stock worth $14,366,000 after purchasing an additional 1,751 shares during the period. World Asset Management Inc grew its holdings in Sempra Energy by 5.4% during the second quarter. World Asset Management Inc now owns 16,319 shares of the utilities provider’s stock worth $1,895,000 after purchasing an additional 833 shares during the period. Amalgamated Bank grew its holdings in Sempra Energy by 8.3% during the second quarter. Amalgamated Bank now owns 33,861 shares of the utilities provider’s stock worth $3,932,000 after purchasing an additional 2,583 shares during the period. Cornerstone Wealth Management LLC bought a new position in Sempra Energy during the second quarter worth about $185,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Sempra Energy by 96.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 10,092 shares of the utilities provider’s stock worth $1,057,000 after purchasing an additional 4,947 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

In other Sempra Energy news, VP Trevor I. Mihalik sold 4,744 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $116.97, for a total transaction of $554,905.68. Following the completion of the transaction, the vice president now directly owns 15,719 shares in the company, valued at $1,838,651.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 5,705 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $117.58, for a total transaction of $670,793.90. Following the transaction, the chief executive officer now owns 29,660 shares of the company’s stock, valued at $3,487,422.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,749 shares of company stock valued at $4,425,260. Corporate insiders own 0.17% of the company’s stock.

A number of equities analysts recently commented on SRE shares. Bank of America upgraded Sempra Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $126.00 in a report on Thursday, October 11th. Wells Fargo & Co upgraded Sempra Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $128.00 in a report on Monday, August 20th. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Sempra Energy in a report on Friday, August 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Sempra Energy presently has an average rating of “Buy” and a consensus price target of $123.38.

Shares of NYSE:SRE opened at $114.87 on Monday. Sempra Energy has a 12-month low of $100.49 and a 12-month high of $127.22. The company has a market cap of $31.44 billion, a PE ratio of 21.19, a PEG ratio of 2.61 and a beta of 0.37. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.59 and a quick ratio of 0.55.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Sempra Energy will post 5.42 earnings per share for the current fiscal year.

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Sempra Energy Profile

Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The company's San Diego Gas & Electric Company segment engages in the generation, transmission, and distribution of electricity.

See Also: Cost of Equity For A Business, Investors

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

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