Stifel Financial Corp decreased its position in Sempra Energy (NYSE:SRE) by 10.5% during the 3rd quarter, Holdings Channel reports. The firm owned 81,652 shares of the utilities provider’s stock after selling 9,617 shares during the quarter. Stifel Financial Corp’s holdings in Sempra Energy were worth $12,034,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SRE. Krane Funds Advisors LLC acquired a new stake in shares of Sempra Energy during the second quarter valued at $25,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Sempra Energy during the second quarter valued at $27,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Sempra Energy during the third quarter valued at $31,000. Westside Investment Management Inc. acquired a new stake in shares of Sempra Energy during the second quarter valued at $41,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sempra Energy during the second quarter valued at $47,000. 88.66% of the stock is currently owned by institutional investors.
Shares of NYSE:SRE opened at $146.41 on Tuesday. The stock’s 50-day moving average price is $145.54 and its two-hundred day moving average price is $140.60. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.15. Sempra Energy has a 12-month low of $104.88 and a 12-month high of $148.90. The firm has a market cap of $41.51 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.12 and a beta of 0.41.
Sempra Energy (NYSE:SRE) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Sempra Energy had a return on equity of 10.12% and a net margin of 23.55%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company earned $1.23 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Sempra Energy will post 6.11 earnings per share for the current fiscal year.
In other Sempra Energy news, Director Andres Conesa purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of $147.26 per share, with a total value of $294,520.00. Following the purchase, the director now owns 4,749 shares in the company, valued at $699,337.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.
A number of research firms recently commented on SRE. UBS Group increased their price objective on Sempra Energy from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Co increased their price objective on Sempra Energy from $153.00 to $161.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Barclays began coverage on Sempra Energy in a research note on Tuesday, August 13th. They set an “equal weight” rating and a $142.00 price objective on the stock. Morgan Stanley increased their price objective on Sempra Energy from $152.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price objective on Sempra Energy from $136.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $151.27.
Sempra Energy Company Profile
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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