AGF Investments Inc. raised its position in shares of Sempra Energy (NYSE:SRE) by 623.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,837 shares of the utilities provider’s stock after buying an additional 55,008 shares during the period. AGF Investments Inc.’s holdings in Sempra Energy were worth $7,213,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SRE. Duncker Streett & Co. Inc. purchased a new stake in Sempra Energy during the 4th quarter valued at $27,000. Savior LLC bought a new position in Sempra Energy in the 4th quarter worth $30,000. Cedar Mountain Advisors LLC bought a new position in Sempra Energy in the 4th quarter worth $30,000. Atlas Private Wealth Management bought a new position in Sempra Energy in the 4th quarter worth $30,000. Finally, Westside Investment Management Inc. bought a new position in Sempra Energy in the 1st quarter worth $33,000. 83.72% of the stock is owned by institutional investors and hedge funds.
NYSE:SRE opened at $123.81 on Friday. The firm has a market cap of $35.42 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.45 and a beta of 0.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.43 and a current ratio of 0.45. Sempra Energy has a fifty-two week low of $88.00 and a fifty-two week high of $161.87. The firm has a 50-day simple moving average of $121.69 and a two-hundred day simple moving average of $139.06.
Sempra Energy (NYSE:SRE) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.82. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.24 billion. Sempra Energy had a net margin of 22.32% and a return on equity of 11.30%. Sempra Energy’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. On average, equities research analysts predict that Sempra Energy will post 7.2 EPS for the current year.
Several research analysts have commented on SRE shares. Barclays restated a “buy” rating and issued a $147.00 price objective on shares of Sempra Energy in a report on Wednesday, April 22nd. Vertical Research started coverage on shares of Sempra Energy in a report on Monday, February 24th. They issued a “hold” rating and a $167.00 price objective for the company. TheStreet upgraded shares of Sempra Energy from a “c+” rating to a “b” rating in a report on Monday, May 4th. UBS Group upped their price objective on shares of Sempra Energy from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sempra Energy from $151.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, April 3rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Sempra Energy currently has an average rating of “Buy” and an average price target of $145.93.
In other news, VP Dennis V. Arriola acquired 1,000 shares of Sempra Energy stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $100.73 per share, for a total transaction of $100,730.00. Following the purchase, the vice president now owns 44,794 shares in the company, valued at $4,512,099.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.
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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