QUANTRES ASSET MANAGEMENT Ltd cut its stake in shares of Sempra Energy (NYSE:SRE) by 38.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the utilities provider’s stock after selling 1,400 shares during the period. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Sempra Energy were worth $243,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SRE. Financial Architects Inc increased its stake in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock valued at $150,000 after buying an additional 7 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in Sempra Energy during the fourth quarter valued at $151,000. Van ECK Associates Corp increased its stake in Sempra Energy by 24.6% in the fourth quarter. Van ECK Associates Corp now owns 1,828 shares of the utilities provider’s stock valued at $184,000 after buying an additional 361 shares during the last quarter. Miles Capital Inc. purchased a new stake in Sempra Energy during the fourth quarter valued at $202,000. Finally, Alpha Windward LLC increased its stake in Sempra Energy by 1.6% in the first quarter. Alpha Windward LLC now owns 1,918 shares of the utilities provider’s stock valued at $212,000 after buying an additional 31 shares during the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.
Sempra Energy (SRE) traded up 1.23% during midday trading on Friday, hitting $116.39. The stock had a trading volume of 1,528,426 shares. The firm has a market cap of $29.19 billion, a PE ratio of 20.03 and a beta of 0.56. Sempra Energy has a one year low of $92.95 and a one year high of $117.97. The stock has a 50-day moving average price of $113.67 and a 200 day moving average price of $107.91.
Sempra Energy (NYSE:SRE) last issued its earnings results on Tuesday, May 9th. The utilities provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.59 by $0.15. Sempra Energy had a return on equity of 9.06% and a net margin of 13.77%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm earned $1.27 EPS. The business’s revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Sempra Energy will post $5.10 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and issued a $115.00 price objective on shares of Sempra Energy in a report on Wednesday, May 10th. Morgan Stanley decreased their price objective on Sempra Energy from $133.00 to $129.00 and set an “overweight” rating for the company in a report on Friday, April 28th. BidaskClub downgraded Sempra Energy from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective for the company. in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $119.60.
In related news, CEO Debra L. Reed sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total transaction of $2,608,890.00. Following the completion of the transaction, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.
About Sempra Energy
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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