Sempra Energy (NYSE:SRE) Position Reduced by Coann Capital LLC

Coann Capital LLC cut its holdings in shares of Sempra Energy (NYSE:SRE) by 41.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 46,332 shares of the utilities provider’s stock after selling 33,232 shares during the quarter. Sempra Energy comprises approximately 5.2% of Coann Capital LLC’s holdings, making the stock its 9th biggest position. Coann Capital LLC’s holdings in Sempra Energy were worth $6,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC purchased a new stake in Sempra Energy during the fourth quarter valued at about $26,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Sempra Energy in the first quarter worth about $31,000. HBC Financial Services PLLC purchased a new stake in shares of Sempra Energy in the first quarter worth about $34,000. CVA Family Office LLC purchased a new stake in shares of Sempra Energy in the first quarter worth about $38,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of Sempra Energy in the fourth quarter worth about $40,000. 83.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE SRE traded up $0.85 on Friday, reaching $140.54. 4,708 shares of the company’s stock traded hands, compared to its average volume of 1,635,642. Sempra Energy has a 12 month low of $112.16 and a 12 month high of $140.74. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $136.43. The firm has a market cap of $42.55 billion, a PE ratio of 10.65, a PEG ratio of 3.19 and a beta of 0.63.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Wednesday, May 5th. The utilities provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.18. Sempra Energy had a net margin of 34.58% and a return on equity of 10.55%. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the business earned $2.47 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Sempra Energy will post 7.99 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Sempra Energy from $145.00 to $158.00 and gave the stock an “overweight” rating in a report on Tuesday, May 25th. Wells Fargo & Company increased their price target on shares of Sempra Energy from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, May 6th. BMO Capital Markets upped their price objective on shares of Sempra Energy from $142.00 to $147.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 6th. Morgan Stanley upped their price objective on shares of Sempra Energy from $152.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 4th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Sempra Energy in a research report on Tuesday, April 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Sempra Energy presently has a consensus rating of “Buy” and a consensus target price of $148.75.

Sempra Energy Company Profile

Sempra Energy operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles.

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

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