Northwestern Mutual Investment Management Company LLC Increases Stake in Sempra Energy (SRE)

Northwestern Mutual Investment Management Company LLC raised its position in Sempra Energy (NYSE:SRE) by 76.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,647 shares of the utilities provider’s stock after buying an additional 21,933 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Sempra Energy were worth $5,596,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Perennial Advisors LLC acquired a new stake in Sempra Energy during the fourth quarter worth $106,000. Financial Architects Inc raised 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 approximately $151,000. Van ECK Associates Corp increased its position 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 period. Finally, Miles Capital Inc. bought a new position in Sempra Energy during the fourth quarter valued at about $202,000. 82.05% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Sempra Energy (NYSE:SRE)

Shares of Sempra Energy (SRE) traded up 1.23% during mid-day trading on Friday, hitting $116.39. The company’s stock had a trading volume of 1,528,426 shares. Sempra Energy has a 12-month low of $92.95 and a 12-month high of $117.97. The company has a market cap of $29.19 billion, a PE ratio of 20.03 and a beta of 0.56. The stock has a 50-day moving average of $113.67 and a 200-day moving average of $107.91.

Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.15. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.87 billion. Sempra Energy had a net margin of 13.77% and a return on equity of 9.06%. Sempra Energy’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. On average, equities research analysts forecast that Sempra Energy will post $5.10 EPS for the current year.

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Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Sempra Energy from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of Sempra Energy in a report on Wednesday, May 10th. Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price objective on the stock. in a research note on Thursday, June 8th. Finally, BidaskClub cut shares of Sempra Energy from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Sempra Energy has a consensus rating of “Hold” and an average price target of $119.60.

In related news, CEO Debra L. Reed sold 23,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were 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 in the company, valued at approximately $12,743,293.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

Sempra Energy Company Profile

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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