Oppenheimer & Co. Inc. cut its position in Sempra Energy (NYSE:SRE) by 5.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,039 shares of the utilities provider’s stock after selling 785 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sempra Energy were worth $1,767,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in SRE. Vanguard Group Inc lifted its stake in Sempra Energy by 5.0% in the third quarter. Vanguard Group Inc now owns 20,783,386 shares of the utilities provider’s stock valued at $2,364,110,000 after acquiring an additional 997,607 shares during the last quarter. Norges Bank acquired a new stake in shares of Sempra Energy in the fourth quarter worth $653,205,000. Northern Trust Corp lifted its stake in shares of Sempra Energy by 3.7% in the fourth quarter. Northern Trust Corp now owns 3,581,680 shares of the utilities provider’s stock worth $387,503,000 after buying an additional 127,339 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sempra Energy by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 3,521,752 shares of the utilities provider’s stock worth $380,344,000 after buying an additional 253,809 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Sempra Energy by 10,582.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,099,319 shares of the utilities provider’s stock worth $29,000 after buying an additional 3,070,305 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Argus boosted their price target on shares of Sempra Energy to $142.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. ValuEngine raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Wells Fargo & Co upped their target price on shares of Sempra Energy from $128.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley increased their price objective on shares of Sempra Energy from $132.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sempra Energy currently has a consensus rating of “Buy” and a consensus target price of $130.14.
In related news, Director Lynn Schenk sold 5,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $128.92, for a total transaction of $644,600.00. Following the completion of the sale, the director now directly owns 16,306 shares of the company’s stock, valued at approximately $2,102,169.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP G Joyce Rowland sold 2,393 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $120.86, for a total value of $289,217.98. Following the sale, the vice president now directly owns 12,461 shares of the company’s stock, valued at $1,506,036.46. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
Sempra Energy stock traded up $2.80 during trading hours on Wednesday, reaching $134.30. 2,001,624 shares of the company’s stock traded hands, compared to its average volume of 1,663,416. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. Sempra Energy has a fifty-two week low of $100.49 and a fifty-two week high of $134.75. The company has a market cap of $35.79 billion, a PE ratio of 24.11, a PEG ratio of 2.83 and a beta of 0.52.
Sempra Energy (NYSE:SRE) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.23. Sempra Energy had a net margin of 9.89% and a return on equity of 10.57%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. Research analysts forecast that Sempra Energy will post 6.02 EPS for the current year.
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About Sempra Energy
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 generates, transmits, and distributes electricity; and supplies natural gas.
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