Axa increased its stake in shares of Sempra Energy (NYSE:SRE) by 20.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,820 shares of the utilities provider’s stock after acquiring an additional 48,018 shares during the period. Axa’s holdings in Sempra Energy were worth $31,716,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SRE. Commonwealth Equity Services LLC raised its stake in Sempra Energy by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 33,795 shares of the utilities provider’s stock valued at $3,844,000 after buying an additional 446 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Sempra Energy by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 34,027 shares of the utilities provider’s stock valued at $3,950,000 after buying an additional 460 shares during the period. Gateway Investment Advisers LLC grew its position in shares of Sempra Energy by 4.1% in the third quarter. Gateway Investment Advisers LLC now owns 11,582 shares of the utilities provider’s stock valued at $1,317,000 after purchasing an additional 461 shares during the last quarter. Gradient Investments LLC grew its position in shares of Sempra Energy by 6.2% in the third quarter. Gradient Investments LLC now owns 8,315 shares of the utilities provider’s stock valued at $946,000 after purchasing an additional 488 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Sempra Energy by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,454 shares of the utilities provider’s stock valued at $4,813,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.

Several research firms have recently commented on SRE. TheStreet raised Sempra Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 7th. Wells Fargo & Co upped their target price on Sempra Energy from $129.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. ValuEngine downgraded Sempra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Bank of America raised Sempra Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $126.00 in a research report on Thursday, October 11th. Finally, Morgan Stanley set a $121.00 price target on Sempra Energy and gave the stock a “hold” rating in a research report on Friday, September 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.38.

In other Sempra Energy news, Chairman Debra L. Reed sold 27,300 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $117.20, for a total value of $3,199,560.00. Following the sale, the chairman now owns 145,256 shares of the company’s stock, valued at approximately $17,024,003.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Trevor I. Mihalik sold 4,744 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $116.97, for a total value of $554,905.68. Following the completion of the sale, the vice president now directly owns 15,719 shares in the company, valued at approximately $1,838,651.43. The disclosure for this sale can be found here. Insiders have sold 37,749 shares of company stock worth $4,425,260 in the last three months. 0.16% of the stock is currently owned by company insiders.

Shares of NYSE:SRE opened at $112.01 on Thursday. The company has a market cap of $31.54 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.62 and a beta of 0.37. Sempra Energy has a 1 year low of $100.49 and a 1 year high of $127.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.55 and a current ratio of 0.59.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.73 billion. Sempra Energy had a positive return on equity of 9.33% and a negative net margin of 3.33%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. On average, analysts anticipate that Sempra Energy will post 5.42 EPS for the current fiscal year.

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Sempra Energy Company 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.

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

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