First Personal Financial Services boosted its position in Sempra Energy (NYSE:SRE) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,042 shares of the utilities provider’s stock after buying an additional 253 shares during the period. First Personal Financial Services’ holdings in Sempra Energy were worth $456,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in SRE. Financial Architects Inc increased its position in Sempra Energy by 0.5% in the first quarter. Financial Architects Inc now owns 1,359 shares of the utilities provider’s stock worth $150,000 after buying an additional 7 shares during the period. Glen Harbor Capital Management LLC increased its position in Sempra Energy by 15.8% in the first quarter. Glen Harbor Capital Management LLC now owns 3,632 shares of the utilities provider’s stock worth $401,000 after buying an additional 496 shares during the period. First Manhattan Co. increased its position in Sempra Energy by 0.7% in the first quarter. First Manhattan Co. now owns 128,693 shares of the utilities provider’s stock worth $13,794,000 after buying an additional 955 shares during the period. Mechanics Bank Trust Department increased its position in Sempra Energy by 7.8% in the first quarter. Mechanics Bank Trust Department now owns 3,335 shares of the utilities provider’s stock worth $368,000 after buying an additional 240 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its position in Sempra Energy by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,335 shares of the utilities provider’s stock worth $654,000 after buying an additional 260 shares during the period. Institutional investors own 80.54% of the company’s stock.

Sempra Energy (NYSE:SRE) opened at 115.79 on Friday. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 17.13 and a beta of 0.54. The stock has a 50 day moving average price of $113.82 and a 200 day moving average price of $111.61. Sempra Energy has a 12 month low of $92.95 and a 12 month high of $117.97.

Sempra Energy (NYSE:SRE) last posted 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Sempra Energy had a return on equity of 9.11% and a net margin of 15.51%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, equities analysts expect that Sempra Energy will post $5.23 earnings per share for the current fiscal year.

WARNING: “First Personal Financial Services Raises Stake in Sempra Energy (SRE)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/18/first-personal-financial-services-raises-stake-in-sempra-energy-sre.html.

SRE has been the topic of several analyst reports. Barclays PLC downgraded Sempra Energy from an “overweight” rating to an “equal weight” rating and set a $121.00 target price on the stock. in a report on Thursday, June 8th. BidaskClub upgraded Sempra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded Sempra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price objective on Sempra Energy from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $117.00 price objective on shares of Sempra Energy in a research note on Monday, July 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $121.00.

In other Sempra Energy news, CEO Debra L. Reed sold 23,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was 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 owns 112,345 shares of the company’s stock, valued at approximately $12,743,293.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra Energy (NYSE:SRE).

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

Receive News & Stock Ratings for Sempra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra Energy and related stocks with our FREE daily email newsletter.