Oakbrook Investments LLC decreased its stake in Sempra Energy (NYSE:SRE) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,147 shares of the utilities provider’s stock after selling 570 shares during the period. Oakbrook Investments LLC’s holdings in Sempra Energy were worth $1,257,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Sempra Energy by 4.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,037 shares of the utilities provider’s stock valued at $1,019,000 after buying an additional 375 shares in the last quarter. Gradient Investments LLC raised its position in Sempra Energy by 3.3% in the second quarter. Gradient Investments LLC now owns 6,502 shares of the utilities provider’s stock worth $733,000 after buying an additional 205 shares in the last quarter. Searle & CO. acquired a new position in Sempra Energy during the second quarter worth approximately $338,000. Aperio Group LLC raised its position in Sempra Energy by 22.8% in the second quarter. Aperio Group LLC now owns 132,694 shares of the utilities provider’s stock worth $14,961,000 after buying an additional 24,660 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Sempra Energy by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the utilities provider’s stock worth $1,759,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.
Sempra Energy (NYSE:SRE) traded down 1.00% during trading on Thursday, hitting $115.79. 720,117 shares of the stock were exchanged. The stock’s 50-day moving average price is $113.82 and its 200-day moving average price is $111.61. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $117.97. The firm has a market cap of $29.07 billion, a PE ratio of 17.13 and a beta of 0.54.
Sempra Energy (NYSE:SRE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.30. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 EPS. On average, equities analysts expect that Sempra Energy will post $5.23 EPS for the current year.
A number of research analysts have commented on SRE shares. Morgan Stanley dropped their price objective on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, April 28th. BMO Capital Markets restated a “hold” rating and issued a $115.00 price objective on shares of Sempra Energy in a research note on Wednesday, May 10th. Barclays PLC downgraded shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a report on Thursday, June 8th. BidaskClub downgraded shares of Sempra Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 target price on shares of Sempra Energy in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $121.00.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by company insiders.
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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