Investors Sell Sempra Energy (SRE) on Strength (SRE)
Investors sold shares of Sempra Energy (NYSE:SRE) on strength during trading hours on Tuesday. $12.79 million flowed into the stock on the tick-up and $61.29 million flowed out of the stock on the tick-down, for a money net flow of $48.50 million out of the stock. Of all companies tracked, Sempra Energy had the 0th highest net out-flow for the day. Sempra Energy traded up $0.37 for the day and closed at $116.80
A number of research firms have issued reports on SRE. Morgan Stanley raised their price target on shares of Sempra Energy from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. BidaskClub raised shares of Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $117.00 price target on shares of Sempra Energy in a report on Monday, July 24th. Finally, Barclays PLC cut shares of Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 price target for the company. in a report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $121.00.
The firm has a market capitalization of $29.37 billion, a PE ratio of 17.30 and a beta of 0.54. The stock has a 50-day moving average of $113.75 and a 200 day moving average of $111.58.
Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $1.10 EPS for the quarter, beating the consensus estimate of $0.80 by $0.30. Sempra Energy had a net margin of 15.51% and a return on equity of 9.11%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. Sempra Energy’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts forecast that Sempra Energy will post $5.23 EPS for the current year.
In related news, CEO Debra L. Reed sold 23,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 112,345 shares in the company, valued at approximately $12,743,293.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Watermark Asset Management Inc. purchased a new position in shares of Sempra Energy during the first quarter worth approximately $411,000. Teza Capital Management LLC purchased a new position in shares of Sempra Energy during the first quarter worth approximately $814,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Sempra Energy by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,696 shares of the utilities provider’s stock worth $4,386,000 after buying an additional 103 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Sempra Energy by 0.7% in the first quarter. Prudential Financial Inc. now owns 352,815 shares of the utilities provider’s stock worth $38,986,000 after buying an additional 2,590 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Sempra Energy by 914.9% in the first quarter. Bank of Nova Scotia now owns 57,522 shares of the utilities provider’s stock worth $6,357,000 after buying an additional 51,854 shares during the last quarter. Institutional investors own 80.54% 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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