Mizuho Securities USA LLC purchased a new stake in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,300 shares of the utilities provider’s stock, valued at approximately $5,446,000. Sempra Energy comprises about 0.3% of Mizuho Securities USA LLC’s holdings, making the stock its 23rd largest position.
A number of other large investors have also made changes to their positions in SRE. National Pension Service boosted its stake in shares of Sempra Energy by 4.4% in the first quarter. National Pension Service now owns 188,529 shares of the utilities provider’s stock valued at $20,782,000 after buying an additional 8,032 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Sempra Energy by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 73,130 shares of the utilities provider’s stock valued at $8,080,000 after buying an additional 950 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Sempra Energy by 0.8% in the first quarter. Raymond James Trust N.A. now owns 9,235 shares of the utilities provider’s stock valued at $1,021,000 after buying an additional 71 shares in the last quarter. Pure Financial Advisors Inc. boosted its stake in shares of Sempra Energy by 40.5% in the first quarter. Pure Financial Advisors Inc. now owns 24,050 shares of the utilities provider’s stock valued at $2,658,000 after buying an additional 6,936 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Sempra Energy by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 217,730 shares of the utilities provider’s stock valued at $24,060,000 after buying an additional 6,480 shares in the last quarter. Institutional investors own 80.54% of the company’s stock.
Shares of Sempra Energy (NYSE:SRE) traded down 1.00% during mid-day trading on Thursday, hitting $115.79. 720,117 shares of the stock were exchanged. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 17.13 and a beta of 0.54. The company has a 50-day moving average price of $113.82 and a 200-day moving average price of $111.61.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.30. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. Equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current year.
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Several equities research analysts recently weighed in on the stock. Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target on the stock. in a research report on Thursday, June 8th. BidaskClub upgraded shares of Sempra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Morgan Stanley boosted their price objective on shares of Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $121.00.
In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of Sempra Energy stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $113.43, for a total value of $2,608,890.00. Following the completion of the transaction, the chief executive officer now directly owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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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