Sempra Energy (SRE) Position Reduced by Davidson Investment Advisors

Davidson Investment Advisors reduced its holdings in shares of Sempra Energy (NYSE:SRE) by 0.9% during the third quarter, HoldingsChannel.com reports. The fund owned 100,318 shares of the utilities provider’s stock after selling 937 shares during the quarter. Davidson Investment Advisors’ holdings in Sempra Energy were worth $11,411,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shares of SRE opened at $112.11 on Monday. The firm has a market capitalization of $30.68 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.55 and a beta of 0.37. 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 has a 1 year low of $100.49 and a 1 year high of $127.22.

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

In other Sempra Energy news, CEO Jeffrey W. Martin sold 5,705 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $117.58, for a total value of $670,793.90. Following the sale, the chief executive officer now directly owns 29,660 shares in the company, valued at $3,487,422.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Debra L. Reed sold 27,300 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $117.20, for a total value of $3,199,560.00. Following the completion of the sale, the chairman now owns 145,256 shares in the company, valued at $17,024,003.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,749 shares of company stock worth $4,425,260. Corporate insiders own 0.17% of the company’s stock.

A number of analysts recently commented on the company. Wells Fargo & Co set a $129.00 price target on Sempra Energy and gave the stock a “buy” rating in a report on Monday, September 17th. TheStreet upgraded Sempra Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 7th. Morgan Stanley lifted their price target on Sempra Energy from $120.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. ValuEngine upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Bank of America boosted their target price on Sempra Energy from $118.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.38.

ILLEGAL ACTIVITY WARNING: “Sempra Energy (SRE) Position Reduced by Davidson Investment Advisors” was first published by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.wkrb13.com/2018/11/26/sempra-energy-sre-position-reduced-by-davidson-investment-advisors.html.

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.

Further Reading: How is the S&P 500 index different from the DJIA?

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.

Leave a Reply